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FX.co ★ Oil Forecast for July 1, 2025

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Forex Analysis:::2025-07-01T03:15:42

Oil Forecast for July 1, 2025

Oil (CL)

The current situation suggests the end of a 4-day consolidation above the 64.00 level. Breaking through this support will allow the price to attack the MACD line near 62.32.

Oil Forecast for July 1, 2025

Further development may lead to a move toward 58.77. The declining Marlin oscillator has consistently indicated this scenario.

In the four-hour timeframe, Marlin exhibits a different sentiment — one of growth amid consolidation.

Oil Forecast for July 1, 2025

However, with the balance and MACD indicator lines declining and amid a sharp price drop, this growth is interpreted as a release of tension — an exit from the oversold zone ahead of a continued downward movement. Once the price moves below the 64.00 level, Marlin will shift into negative territory.

Analyst InstaForex
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