empty
 
 
14.01.2026 06:30 AM
Trading Signals for CRUDE OIL (CL) for January 14-19, 2026: sell below $61.00 (21 SMA - 5/8 Murray)

This image is no longer relevant

Crude oil is trading around $60.78, below 3/8 Murray and within the upward trend channel formed since January 7. Crude oil is expected to continue rising over the next few hours and could reach 4/8 Murray around $62.50.

Crude oil is struggling to continue rising as it has technically reached overbought levels. Therefore, a technical correction towards 2/8 Murray at $59.31 is expected in the coming hours, and WTI could even reach the 200 EMA around $58.14 per barrel.

A break above 3/8 Murray located at $60.93 could be a signal for a continuation of the upward movement, and crude oil could reach $62.50.

The Eagle indicator is showing overbought signals. Thus, a sharp drop is likely to occur in the coming hours, so we will look for opportunities to open short positions below $61.00.

The trend remains bullish for crude oil, but we should expect a technical correction towards the 200 EMA located at $58.14. Then, this area could be seen as a good point to open long positions during a technical rebound.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Dimitrios Zappas
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback