Oil Price Volatility Ahead as Market Stalls Between Key 50-Day and 200-Day Moving Averages – Latest Analysis
Key Points:Crude oil futures are trapped between the 50- and 200-day moving averages, signaling a potential breakout setup.A sustained move above $65.30 could push WTI toward $67.08, while a drop below $64.09 risks acceleration to $62.69.Trump-Putin talks and looming U.S. sanctions on Russia are injecting fresh geopolitical risk into the crude oil outlook.Oil Prices Hold Steady as Traders Eye Moving Averages, Geopolitics, and InventoriesDaily Light Crude Oil FuturesCrude oil futures are inching