Why is Crude Oil Stuck in Neutral?
Yahoo Finance·2025-12-24 04:00

I asked how low crude oil can prices fall in a November 6, 2025, Barchart article, where I concluded with the following: NYMEX crude oil’s price remains above the 55supportlevelinearlyNovember2025.However,abreakbelowsupportcouldtriggerasuddensurgeoftechnicalsellers,overwhelmingbuyers,andcausingaspiketo55 support level in early November 2025. However, a break below support could trigger a sudden surge of technical sellers, overwhelming buyers, and causing a spike to 50 or lower. Considering the price action in 2020, 40isnotanunreasonabledownsidetarget. NearbyNYMEXcrudeoilfuturesweretradingat40 is not an unreasonable downside target.  Nearby NYMEX crude oil futures were trading at 60.65 per barrel on November 4, a ...