Crude Oil seems set to strengthen today toward its nearest resistance level.Tuesday, November 04, 2025.

[Ben Graham]

[Crude Oil] – [Tuesday, November 04, 2025]

Although the RSI remains in the Neutral-Bearish zone, but with both EMAs intersecting the Golden Cross, it gives an indication that there is an opportunity for upward movement today toward its nearest resistance level.

Key Levels:

1. Resistance. 2 : 61.99

2. Resistance. 1 : 61.50

3. Pivot : 61.01

4. Support. 1 : 60.52

5. Support. 2 : 60.03

Tactical Scenario:

Positive Reaction Zone: If the price of #CL rises above 61.01, it may have the opportunity to test 61.50.

Momentum Extension Bias: If 61.50 is breached and closed above, #CL will target 61.99.

Invalidation Level / Bias Revision:

The upside bias weakens if Crude Oil falls and closes below 60.03.

Technical Summary:

EMA(50) : 60.96

EMA(200): 60.68

RSI(14) : 46.93

Economic News Release Agenda:

Tonight, the United States will release RCM/TIPP Economic Optimism data, with a tentative timeline.

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