18.03.202606:05 Forex Analysis & Reviews: Trading Signals for CRUDE OIL (CL) on March 17-20, 2026: sell below $95.66 (21 SMA - 8/8 Murray)

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Crude oil (WTI) is consolidating below the psychological level of $100.00 and trading around $95.09, recovering after hitting $91 yesterday during the US trading session.

Fears of higher oil prices persist, so oil will likely move toward the $100–$112 range seen in early March, and could even reach the psychological level of $120 per barrel.

On the other hand, the bullish momentum is waning, and technically, it is expected to reach the 6/8 Murray level around the psychological $75.00 mark in the coming days.

If crude oil reaches the 8/8 Murray level around the psychological $100 mark in the coming hours, this could be seen as an area to open short positions, as the price is technically expected to fall below the 61.8% Fibonacci retracement level.

At current price levels, if crude oil consolidates below $96,000, this could be seen as a signal to sell with targets at $87.50 and ultimately at the 200 EMA around $75.50.

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