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Oil News: WTI Futures Eye Breakout as 50-Day Average Shapes Oil Outlook
FX Empire· 2025-12-25 16:00
Oil Prices Forecast Hinges on the 50-Day Moving Average TestThis is the kind of setup traders pay attention to. The holiday rally had some help from geopolitical headlines — tanker seizures off Venezuela and Ukrainian strikes on Russian energy assets — and that pulled buyers off the sidelines. But the question now is whether the market has enough fuel to punch cleanly through 50-day moving average resistance. Sellers have used this zone to lean on the market for months, and they’re likely waiting again.Unde ...