Oil (US Crude) Market Analysis and Long-Term Outlook
$$60.13
Oil (US Crude) Market Analysis and Long-Term Outlook
15 Nov 2025, 16:32
From a technical outlook, the stock’s share price is currently trading at $72.77. Towards the upside, the first resistance level sits at $72.12 followed by a major resistance level at $73.57. A break above the major resistance could see the stock’s share price rise towards the $75-$76 price range. However, towards the downside, the first support level sits at $72.12 followed by a further support base at $71.50. A break below the $71.50 support may see the share price slide towards the $69-$70 price mark, which is approximately where the green trendline is based on the chart. Looking at the indicators, MACD is positive and RSI reads 61, both positive.