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FX.co ★ Oil Forecast for July 30, 2025

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Forex Analysis:::2025-07-30T03:13:18

Oil Forecast for July 30, 2025

Oil (CL)

By this morning, the price has reached the target level of 69.43 and the MACD line on the weekly scale.

Oil Forecast for July 30, 2025

Two weeks ago, a pullback lasting two weeks occurred from these resistance levels (see arrow), but the current situation is slightly different — the signal line of the Marlin oscillator has turned upward from the zero line, indicating the likely direction of movement. If the price breaks above the resistance, it may move toward the target at the upper boundary of the price channel around 75.16.

Oil Forecast for July 30, 2025

On the daily chart, the Marlin oscillator has entered the positive territory. And just in time, as the price is hesitating around the 69.43 level. However, the price has risen above the balance line (red moving average), which is also a growth stimulus.

Oil Forecast for July 30, 2025

On the four-hour chart, the situation is more complicated — here, the Marlin oscillator is correcting downward. If the price aligns with this sentiment, it could decline toward the MACD line at 67.54. A false move is possible due to the FOMC meeting.

Analyst InstaForex
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