Intraday Crude Oil Forecast – WTI (N5) – May 28, 2025
Crude oil (WTI) remains tightly positioned near the key pivot level of $60.85, which now serves as the critical decision zone for short-term price direction. With macroeconomic sentiment, dollar fluctuations, and supply-side news in focus, traders are eyeing this level for actionable trading setups.
✅ Bullish Scenario – Support Holding at $60.85
- Entry Signal: Long above $60.85
- Target Zones: $61.80 → $62.15
Technical Justification:
- RSI: Trending above 55 with potential to push past 60, indicating sustained buying interest
- MACD: Holding in positive territory with growing bullish histogram
- Volume: Watch for increased buying volume as price holds above $60.85
Outlook:
If crude oil maintains support above $60.85 with increasing volume and RSI momentum, bulls could push the price toward the $61.80 resistance, followed by an extended test at $62.15. This setup favors short-term bullish traders seeking intraday momentum.
❌ Bearish Scenario – Breakdown Below $60.85
- Entry Signal: Short below $60.85
- Target Zones: $60.30 → $60.00
Technical Warning Signs:
- RSI: Starting to dip below 50, suggesting weakening momentum
- MACD: Bearish crossover on the verge, hinting at downside pressure
- Volume: Weak rally participation may lead to a failed support retest
Outlook:
A break below $60.85, especially during bearish news such as increased inventory levels or dollar strength, could trigger a fast sell-off toward $60.30 and possibly $60.00. Momentum indicators and market sentiment will be critical to watch for confirmation.
Technical Snapshot – Crude Oil (WTI)
| Indicator | Signal |
|---|---|
| Pivot Point | $60.85 |
| RSI | Neutral, with potential for breakout |
| MACD | Awaiting decisive crossover |
| Volume | Sideways – confirmation needed |
Key Crude Oil Price Levels to Watch
| Type | Price Levels |
|---|---|
| 🔹 Pivot | $60.85 |
| ⬆️ Resistance | $61.80, $62.15 |
| ⬇️ Support | $60.30, $60.00 |
📌 Insight:
The $60.85 mark is more than a number—it’s a psychological and technical pivot. A breakout or breakdown from this zone could define intraday trend direction and volatility intensity.
Crude Oil Trading Strategy Tips – May 28, 2025
- 🕵️ Track Price Action Around $60.85: Breakouts or breakdowns will offer directional trades.
- 🛡️ Use Tight Stop-Losses: Especially just beyond the pivot to limit risk exposure.
- ⚠️ Watch for Key Events: U.S. crude inventory data, Fed commentary, and OPEC+ news.
- 💡 Manage Volatility: Keep position sizing conservative as energy markets can swing sharply.
- 🌐 Geopolitical Risk Monitoring: Middle East tensions, Russia-Ukraine dynamics, and U.S.-China policy shifts may influence supply routes.
Disclaimer
This blog post is for informational and educational purposes only and does not constitute financial, trading, or investment advice. Trading crude oil (WTI), commodities, or any financial instrument involves a high level of risk and may not be suitable for all investors. Past performance does not guarantee future results. Always conduct your own analysis and consult a licensed financial advisor before making investment decisions.
