FX.co - Crude oil still seems to have the potential to continue its strengthening bias

2026-03-30T05:24:09

Relevance until2026-03-31

[Crude Oil]

With both EMAs which intersect with a Golden Cross and RSI(14) in the Extreme-Bullish level, then #CL remains in a strengthening bullish bias.

Key Levels

1. Resistance. 2 : 107.19

2. Resistance. 1 : 104.14

3. Pivot : 89.07

4. Support. 1 : 95.08

5. Support. 2 : 89.07

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 89.07, there is potential for #CL to move up toward 104.14.

Momentum Extension Bias: If 104.14 is broken, 107.19 becomes the next target.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks down below 89.07.

Technical Summary

EMA(50) : 97.77

EMA(200): 94.36

RSI(14) : 74.31

Economic News Release Schedule:

No economic data releases from the United States today, but Fed Chair Mr. Powell will deliver a speech at 21:30 WIB.

Crude oil still seems to have the potential to continue its strengthening bias

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Arief Makmur

FX.co ★ Crude oil still seems to have the potential to continue its strengthening bias