Market Analysis of Crude Oil on Monday 14 April 2025

Crude Oil (WTI)‎ (M5)‎ Intraday: towards 62.50.

Pivot:

59.80

Our preference:

Long positions above 59.80 with targets at 62.50 & 63.50 in extension.

Alternative scenario:

Below 59.80 look for further downside with 59.00 & 58.30 as targets.

Comment:

The next resistances are at 62.50 and then at 63.50.