Crude oil prices continued their upward move in the latest intraday session, reaching our previously identified target at $62.00 key resistance. The advance is supported by trading above the 50-period EMA, confirming the stability and dominance of the short-term bullish trend.
The price is also moving along a minor supportive trend line for this bullish trend, while positive signals from the relative strength indicators highlight strong bullish momentum, reinforcing the likelihood that recent gains will hold in the near term.
Accordingly, we expect crude oil to continue rising in upcoming intraday sessions, provided it remains above $62.00, with the next target at $63.00.
Expected trading range: $61.00 support – $63.00 resistance
Today’s outlook: Bullish
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Full VIP signals performance report for September 22–26, 2025:
