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FX.co ★ Crude oil has the potential to strengthen today, rising towards its nearest resistance level. Monday, September 29, 2025.

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Forex Analysis:::2025-09-29T05:25:47

Crude oil has the potential to strengthen today, rising towards its nearest resistance level. Monday, September 29, 2025.

[Crude Oil] – [Monday, September 29, 2025]

Although the RSI is in the bearish neutral area, but with EMA (50 and EMA (200) position which still intersecting the Golden Cross #CL today still have the potential to strengthen.

Key Levels

1. Resistance. 2 : 67.15

2. Resistance. 1 : 66.17

3. Pivot : 65.41

4. Support. 1 : 64.43

5. Support. 2 : 63.67

Tactical Scenario

Positive Reaction Zone: If the price maintains the #CL strengthening until it breaks out and closes above 65.41, it has the potential to continue strengthening to 66.17.

Momentum Extension Bias: If 66.17 is successfully broken and closes above it, it has the potential to move to 67.15.

Invalidation Level / Bias Revision

Upside bias weakens when the #CL weakens until it breaks down and closes below 63.67.

Technical Summary

EMA(50) : 65.22

EMA(200): 64.42

RSI(14) : 48.27

Economic News Release Agenda:

Tonight, there is only one economic data release from the United States: Pending Home Sales m/m at 21:00 WIB.

Crude oil has the potential to strengthen today, rising towards its nearest resistance level. Monday, September 29, 2025.

Analyst InstaForex
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