WTI Crude Oil Bearish Channel Signals Potential Drop Towards Key Support at $55

CRUDE OIL was closed on Friday at weekly lower levels after testing the high level of $ 77.27 in the same weekly trading session as posted their sharpest weekly declines in years as geopolitical risk premiums faded. Trump has sent mixed signals about his pressure campaign on Iran’s oil revenues, admitting US sanctions have done little to stop China’s purchases.

Recent News

Gold Continues its Dream Run amid Geopol...

October 21, 2024

Market Insights

DOW JONES making a bullish flag in 1hr t...

August 13, 2025

Market Insights

How high can Bitcoin go? Prediction mark...

November 12, 2024

Market Insights

Dow Jones Forms Ascending Triangle Near...

September 01, 2025

Market Insights

Silver forms massive Inverted Head & Sho...

August 13, 2025

Market Insights

DOW JONES bounces back from daily suppor...

February 27, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window