Nymex WTI Crude Oil (CL) futures on the daily chart are showing a generally neutral-to-weak bullish trend, but recent technical signals suggest increased downside risk. Price has hovered near $60.00 USD per barrel lately, up slightly from the previous day but still down over the past year.​

Most importantly, the price is still below 50 Day EMA, which is an important trend line, and resistance line. Crude Oil futures are recovering from sharp corrections ($56-57 level) but not able to move above the 50 day EMA ($61-62 level). Long trades below 50 Day EMA are not safe, and large positions can’t be taken currently.

Nymex WTI Crude Oil (CL) Futures Trading Strategy

Buying can be done on sharp corrections ($56-57 level) for targets just below the 50 day EMA ($60-61 level).

Trend and Momentum

• The overall daily trend is NEUTRAL, with 60% of moving average signals bullish as of late October 2025, but recent action signals possible trend weakening toward neutral or slight bearishness.​

• Short-term indicators—such as momentum oscillators (MACD, Chande, Williams %R)—are largely neutral or mildly bearish.

• Bearish crossovers have recently occurred with the 20-day and 100-day moving averages, indicating the potential for further weakness.

• The RSI (14) is around 51, suggesting indecision rather than clear overbought/oversold conditions.​

• Daily trading ranges have recently been between about $$59.75$ and $$60.48$ USD, reflecting low-to-moderate volatility.​

• Projecting with ATR-based methods, larger price swings should be expected if support or resistance breaks are accompanied by higher volume.

Summary Table of Technical Indicators

Recent technicals suggest keeping a close watch for any breakdown below $$60$ or breakout above $$64$ for significant moves.