Crude Oil Market Outlook – May 23, 2025
Crude Oil (WTI) is stabilizing near a key support level at $60.30, setting the stage for a potential intraday rebound or further decline. As energy traders assess macroeconomic signals and inventory data, price action around this pivot could determine the day’s directional bias.
Will oil bulls fuel a recovery above $61.75, or are bears preparing to retest deeper lows?
Intraday Crude Oil Scenarios – WTI (N5) – May 23, 2025
✅ Bullish Scenario: Support Holding at $60.30
- 📍 Entry Point: Long above $60.30
- 🎯 Targets: $61.30, $61.75
- 📊 Insight:
WTI has built a support base at $60.30, creating a temporary floor. If the price sustains above this level, bullish momentum could resume toward the short-term resistances. Look for increasing volume and MACD support to confirm upward movement.
🚫 Bearish Scenario: Breakdown Below $60.30
- 📍 Entry Point: Short below $60.30
- 🎯 Targets: $59.50, $58.80
- 📉 Insight:
A breach below $60.30 would suggest a breakdown from the consolidation zone. If triggered, this could signal a continuation of bearish sentiment, potentially driven by rising inventories or stronger USD. Watch for bearish RSI signals and MACD crossover.
Technical Snapshot – Crude Oil WTI
| Indicator | Signal |
|---|---|
| Pivot Point | $60.30 |
| RSI | Neutral zone – room to move in either direction |
| MACD | Awaiting clear crossover |
| Volume | Sideways – look for breakout confirmation |
Key Oil Price Levels to Watch
| Type | Price Levels |
|---|---|
| 🔹 Pivot | $60.30 |
| 🔺 Resistance | $61.30, $61.75 |
| 🔻 Support | $59.50, $58.80 |
The $60.30 pivot is acting as a psychological and technical barrier. A sustained move in either direction may set the tone for broader trend development.
Crude Oil Strategy Tips – May 23, 2025
- 🧭 Watch $60.30 closely for a bounce or break scenario.
- 🛡️ Use stop-loss orders just below/above the pivot to manage risk.
- ⚠️ Stay alert for U.S. crude oil inventory data and macro updates.
- 💡 Apply position sizing rules due to intraday volatility.
- 🌐 Monitor geopolitical headlines affecting energy supply chains.
What’s Your Oil Trade Today?
Are you going long above $60.30 or expecting a breakdown below? Share your trade setups and thoughts in the comments – let’s navigate this volatility together! 💹🛢️
⚠️ Disclaimer:
This analysis is provided for educational and informational purposes only and does not constitute financial or investment advice. Trading crude oil and other financial instruments carries substantial risk and may not be suitable for all investors. Always perform your own due diligence and consult a licensed financial advisor before making any trading decisions. Past performance is not indicative of future results.
