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2025-08-08 11:13:00 admin

Crude Oil Price Prediction: Key Support Break Signals Further Downside Risk Ahead

Selling pressure intensifies with risk building toward lower price levels.Crude oil remains under sustained selling pressure following Wednesday’s decisive break below the 61.8% Fibonacci retracement level, a key support within the current corrective structure. As of Thursday, crude is trading near the low of the day at $64.16, placing it on track for what may become a nine-week daily closing low – an indication of growing downside momentum. A close near current levels would confirm a clear shor

2025-08-05 18:13:41 admin

OPEC+ Production Hike and Key Trendlines Point to More Downside for Natural Gas and Oil Prices – Market Forecast

Key Points:OPEC+ adds 547,000 bpd for September, reversing part of its 2.5 million bpd cut and intensifying supply pressures.Oil prices fall for the fourth straight session, with Brent and WTI hitting one-week lows amid oversupply concerns.Natural gas trades below key EMAs and trendline resistance, with weakness likely if $3.00 fails to break convincingly.Market OverviewCrude oil prices edged lower for a fourth consecutive session, with both Brent and WTI settling at their lowest in a week. The