[Crude Oil] – [Tuesday, October 07, 2025]
With the Death Cross condition of the EMA(50) and EMA(200), along with the RSI in the Neutral-Bearish zone, there is an opportunity for #CL to continue its decline today.
Key Levels
1. Resistance. 2 : 62.70
2. Resistance. 1 : 62.21
3. Pivot : 61.61
4. Support. 1 : 61.12
5. Support. 2 : 60.52
Tactical Scenario
Pressure Zone: If the price breaks down and closes below 61.61, there is a chance to continue its decline further to 61.12.
Momentum Extension Bias: If 61.12 is breached and closes below that level, the price could move toward 60.52.
Invalidation Level / Bias Revision
The downside bias is limited if Crude Oil strengthens and breaks through and closes above 62.70.
Technical Summary
EMA(50) : 61.60
EMA(200): 61.82
RSI(14) : 49.44
Economic News Release Agenda:
Today from the United States there will be releases of Trade Balance and RCM/TIPP Economic Optimism data (time to be determined).
