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FX.co ★ Crude Oil has the potential to strengthen today, rising towards its nearest resistance level. Tuesday, September 02, 2025.

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Forex Analysis:::2025-09-02T05:01:47

Crude Oil has the potential to strengthen today, rising towards its nearest resistance level. Tuesday, September 02, 2025.

[Crude Oil] – [Tuesday, September 02, 2025]

With the EMA (50) condition above the EMA (200) and the RSI in the neutral-bullish area, there is potential for #CL to strengthen today.

Key Levels

1. Resistance 2: 65.59.

2. Resistance 1: 65.10.

3. Pivot: 64.38.

4. Support 1: 63.18.

5. Support 2: 63.17.

Tactical Scenario

Positive Reaction Zone: If the #CL price successfully breaks through and closes above 65.10, it has the potential to continue strengthening to 65.59.

Momentum Extension Bias: If the 65.59 level is successfully broken and closes above it, Crude Oil has the potential to continue its strengthening today to 66.31.

Level Invalidation / Bias Revision

The upside bias weakens when the #CL price suddenly weakens until it breaks through and closes below the 63.17 level.

Technical Summary

EMA(50): 64.58.

EMA(200): 64.14.

RSI(14): 66.28.

Economic News Release Agenda:

Tonight, the following economic data will be released from the United States:

US - Final Manufacturing PMI - 20:45 WIB

US - ISM Manufacturing PMI - 21:00 WIB

US - ISM Manufacturing Prices- 21:00 WIB

US - Construction Spending m/m-21:00 WIB

US - RCM/TIPP Economic Optimism- Tentative

Crude Oil has the potential to strengthen today, rising towards its nearest resistance level. Tuesday, September 02, 2025.

Analyst InstaForex
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