13.03.202617:25 Forex Analysis & Reviews: Trading Signals for CRUDE OIL (CL) on March 13-17, 2026: buy above $89.45 (21 SMA - 8/8 Murray)

Relevance up to 11:00 2026-03-27 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Crude oil is trading around $92.91, undergoing a technical correction after reaching the $97 level during the European session.

Crude oil is currently trading within an uptrend channel and could continue its rise in the coming days; should it break above $97.00, it is expected to reach the +1/8 Murray level around $112.00.

Should a strong technical correction occur in the coming hours toward the 21 SMA or the 7/8 Murray, this could be seen as an opportunity to open long positions with targets at the 8/8 Murray around the psychological level of $100.

Fundamental data suggests that crude oil could continue its stunning rally and might even climb to the psychological level of $120. Above that, it could jump to $150 per barrel. What is happening is critical; however, we should exercise great caution, as any pullback could allow us to continue buying in the coming days.

If crude oil finds solid support near the bottom of the uptrend channel around $83, we could view this area as an opportunity to buy.

Strong support is found around the 6/8 Murray level at $75, which also coincides with the key 200 EMA level. If the WTI price falls rapidly to these levels, it could be seen as a signal to open long positions.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.