Global Markets

News
Columns
7x24
Economic Calendar
Quotes

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Analysis
AI Signal

Trading Signals

AI Signal

Pro
Recent Searches
    Trending Searches
      News
      7x24
      Quotes
      Economic Calendar
      Video
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      Membership
      Quick Access to 7x24 Real-time Quotes
      Upgrade to Pro

      --

      • My Favorites
      • Following
      • My Subscription
      • Profile
      • Orders
      • FastBull Pro
      • Account Settings
      • Sign out

      Scan to download

      Faster Financial News and Market Quotes

      Download App
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      I have a redeem code

      Rules for using redeem codes:

      1.The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem
      FastBull Membership Privileges
      Quick Access to 7x24
      Quick Access to More Editor-selected Real-time News
      Real-time Quotes
      View more faster market quotes
      Upgrade to FastBull Pro
      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit
      Invite

      Short-Term Positive Stimuli Fail to Reverse Downward Trend

      Alan

      Commodity

      Summary:

      Recent WTI crude oil prices have rebounded due to short-term positive catalysts, but the overall oversupply in the oil market persists, and the downward trend remains intact.

      Sell

      WTI

      End Time
      CLOSED

      62.244

      Entry Price

      51.200

      TP

      65.500

      SL

      57.233 -0.408 -0.71%

      5510

      Points

      Profit

      51.200

      TP

      56.734

      CLOSING

      62.244

      Entry Price

      65.500

      SL

      Fundamentals

      Last week, WTI crude oil rallied on optimism over U.S. sanctions on Iran and OPEC+ members' compliance with compensation production cuts. By the week's close, WTI surged over $4.
      However, the actual impact of U.S. sanctions on Iran is likely limited. The latest sanctions target Chinese companies importing Iranian crude, which could temporarily reduce Iran's exports by ~300,000 b/d (15% of its total exports). However, "shadow fleets" and transshipment trade may sustain partial flows. The sanctions are more likely to trigger market sentiment fluctuations than create a material supply gap, similar to the February 2025 sanctions that drove prices up by only 3% before retreating. 
      Meanwhile, compensation cuts by some OPEC+ members may be insufficient to address immediate oversupply. Iraq and Kazakhstan's proposed cuts (~300,000 b/d) aim to offset prior overproduction, but compliance remains questionable. Russia's March output already exceeded quotas at 10.5 million b/d, keeping OPEC+ total supply 600,000 b/d higher than 2024 levels. Overall, an oversupply situation persists. 
      In summary, while short-term positives spurred a WTI rally, oversupply constraints limit upside potential, and the bearish trend remains unchanged. 

      Technical Analysis

      Short-Term Positive Stimuli Fail to Reverse Downward Trend_1
      Presented in the daily chart, WTI crude oil has broken above the $62.5 resistance level on positive sentiment, testing the next hurdle at $65.00. However, the moving average system maintains a bearish alignment, signaling an overarching downward trend. The rally's upside is likely capped. 
      Currently, if WTI weakens below $65.00 after a rebound, the prior downtrend will resume. In the near term, wait for the rally to peak, then prioritize selling at highs.

      Trading Recommendations

      Trading direction: Sell
      Entry price: 62.90
      Target price: 51.20
      Stop loss: 65.50
      Valid Until: May 5, 2025, 23:00:00
      Support: 54.75/50.00
      Resistance: 64.13/65.00
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Real-time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      FastBull
      English
      English
      العربية
      繁體中文
      简体中文
      Bahasa Melayu
      Bahasa Indonesia
      ภาษาไทย
      Tiếng Việt
      Telegram Instagram Twitter facebook linkedin App StoreGoogle Play
      Copyright © 2025 FastBull Ltd
      Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.