![\"Crude](\"https:\/\/www.dailyforex.com\/files\/oil-jan2026-chris.webp\" "\\"Crude")
<\/p>\nCreated on January 20, 2026 <\/p>\n
As things stand right now, we are at a major point of inflection that traders will be watching closely in the crude oil markets.<\/p>\n
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The crude oil market was somewhat quiet on Monday, which does make a certain amount of sense considering it was Martin Luther King Jr. Day in the United States and a certain amount of volume would have been missing. With this being said, I like the idea of waiting to see what happens on Tuesday, but as things stand right now, we are at a major point of inflection that traders will be watching closely.<\/p>\n
After all, there was a previous trendline that offered support, and now you also have to pay attention to the fact that the 50-day EMA is sitting right here as well. With all of that being said, I think you have a situation where traders will be watching the $60 level above, as it is a major psychologically important figure and an area where we have seen quite a bit of support and resistance in the past.<\/p>\n If we can break above this $60 level, then it opens up the possibility of a move to the $62 level, maybe even the 200-day EMA, which sits just above there.<\/p>\n Rally Is Suspect<\/p>\n Any rally at this point in time, though, I think is suspect, as although oil prices have been depressed for a while and did bounce quite nicely, I think we’re probably at best looking for a market to find a little bit of consolidation in this region. The market breaking above the 200-day EMA would, of course, be a very bullish sign, sending the market to the $66 level, but I don’t see that happening right now.<\/p>\n I think you’ve got a situation where we are still trading the February contract, and that does make a certain amount of sense, considering that the demand for crude oil<\/a> is typically a little bit sluggish in the middle of winter.<\/p>\n With this, I think there are some questions to ask about trade risk easing some of the supply concerns, but right now, I think we’re just looking for some type of reason to go sideways and find a new range. Perhaps we will bounce around between the 50-day EMA and the 200-day EMA for a while.<\/p>\n Ready to trade the daily crude oil Forex forecast<\/a>? Here\u2019s a list of some of the best Oil trading platforms<\/a> to check out.<\/p>\n","protected":false},"excerpt":{"rendered":"Created on January 20, 2026 As things stand right now, we are at a major point of inflection…\n","protected":false},"author":2,"featured_media":248228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-248227","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/248227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=248227"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/248227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/248228"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=248227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=248227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=248227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} <\/a><\/p>\n