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25.02.2025 07:10 AM
Oil Forecast for February 25, 2025

Crude Oil (CL)Since the opening of the new futures contract, WTI crude oil has surged from the support level of 69.74, now threatening a breakout above 71.44.

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A double convergence between price and the oscillator has also formed, suggesting that oil may be targeting the MACD line near 73.66, which aligns with the February 11 high. A firm breakout above this level would pave the way for further challenges at the next resistance levels: 75.16 and 75.67.

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On the H4 chart, the 71.44 resistance level is reinforced by the MACD line, while the Marlin oscillator still remains in the downtrend zone. This makes 71.44 a critical level, as its breakout, coupled with Marlin shifting into positive territory, could confirm an optimistic bullish scenario for oil.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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