26.02.202613:25 Forex Analysis & Reviews: Trading Signals for CRUDE OIL on February 26-28, 2026: sell below $65,94 (21 SMA - 6/8 Murray)

Relevance up to 07:00 UTC--4

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Crude oil (WTI) is trading around $64.56 with a negative bias after several attempts to consolidate above the 7/8 Murray.

Crude oil reached $67.18 per barrel on February 20, but was unable to break through this level. WTI attempted several times to break through the 7/8 Murray without success and fell to the 6/8 Murray around $65.62, breaking this support level. We expect the downtrend to continue.

Crude oil is expected to continue falling in the coming days until it reaches the 200 EMA, a level that coincides with the lower band of the uptrend channel around $63.00, or it could even reach the key support of the 4/8 Murray around $62.50.

A sharp break below the 4/8 Murray and below the 200 EMA could change the cycle for crude oil, and we could expect it to reach the psychological level of $60.00. WTI could even plunge to nearly $59.05, the levels of late January.

The Eagle indicator is producing a negative signal, so we will look for opportunities to sell WTI in case there is a pullback to the 6/8 Murray or towards the 21 SMA around $65.94.

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