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Oil News: Crude Oil Futures Vulnerable Next Week Below Key 52-Week Average
FX Empire·2025-09-14 12:15

A sustained move under the 52-week moving average will signal the presence of sellers. If this generates enough downside momentum then look for a drive toward the swing bottom at 61.12,followedbyaFibonaccilevelat61.12, followed by a Fibonacci level at 60.26. The latter is a potential trigger point for an acceleration to the downside.Overcoming the 52-week moving average will indicate the return of buyers. However, the subsequent rally could be a labored event with a pair of pivots at 64.56and64.56 and 65.41 providing resistance initially, foll ...