03:06 pm (GMT +0300)OIL is negotiating between the key levels at 70.90 and 70.00. If the bears take control and manage to push prices lower, then a sell signal will be triggered at 70.00 with a bearish outlook. A further decline of OIL prices will pave the way towards the support levels at 69.64 and 69.46. A protective stop loss at 70.90 is strongly recommended.
Price Action
Thursday, July 31 2025
03:06 pm (GMT +0300)
30 minutes Timeframe
Should the commodity manage to penetrate the resistance level at 70.90, OIL will cancel the bearish outlook generating a bullish scenario.
Price Action Outlook:
Bullish
Profit Levels
Target 1
69.64
Target 2
69.46
Target 3
69.10
Target 4
68.65
Entry
70.00
Stop Loss
70.90
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, July 31 2025
03:06 pm (GMT +0300)
30 minutes Timeframe
OIL is negotiating between the key levels at 70.90 and 70.00. If the bears take control and manage to push prices lower, then a sell signal will be triggered at 70.00 with a bearish outlook. A further decline of OIL prices will pave the way towards the support levels at 69.64 and 69.46. A protective stop loss at 70.90 is strongly recommended.
Should the commodity manage to penetrate the resistance level at 70.90, OIL will cancel the bearish outlook generating a bullish scenario.
Price Action Outlook:
Bullish
Profit Levels
Target 1
69.64
Target 2
69.46
Target 3
69.10
Target 4
68.65
Entry
70.00
Stop Loss
70.90
Trend Confirmation
Momentum
LWMA
MACD