Oil Technicals

Crude Oil WTI

2026 Projections · 12 Banks

Closed$67.00-0.39 (-0.58%)

Updated just nowYE $63

Updated just now

Overview Forecasts Analysis Themes Technicals Macro Track Record

Technical Outlook

Cautious

Spot Price

$67

Trading in lower half of $65-$70 range — watch for support test.

What-If Price Simulator

$40

$67

$100

Technical Key Levels

Nearest Support

$65

3.0% below

Nearest Resistance

$70

4.5% above

Range Width

7.5% of spot

Support

Resistance

Spot

Support & Resistance

Support Levels

$65

Consensus Average

-$2

3.0%

$60

BofA/JPM YE Target

-$7

10.4%

$55

Citi YE Target

-$12

17.9%

$50

Bear Case Floor

-$17

25.4%

$48

DB/BofA Bear Case

-$19

28.4%

$45

Citi/Macq Bear Case

-$22

32.8%

Resistance Levels

$70

Psychological

+$3

4.5%

$73

HSBC YE Target

+$6

9.0%

$75

Q1 High

+$8

11.9%

$80

Bull Case Floor

+$13

19.4%

$85

GS Bull Case

+$18

26.9%

$88

HSBC Bull Case (Highest)

+$21

31.3%

Fibonacci Retracement

Fib Levels (2025 Range: $58 – $78)

Key retracement zones from the 2025 yearly low to high

100% (High)

$78

+11

+16.4%

Below

78.6%

$74

+10.4%

Below

61.8%

$70

+4.5%

Below

50%

$68

+1.5%

Below

38.2%

$66

-1

-1.5%

Above

23.6%

$63

-4

-6.0%

Above

0% (Low)

$58

-9

-13.4%

Above

Spot price relative to Fibonacci range45.0% of range

$58$78

Seasonal Patterns

Average Monthly Returns

20-year historical average return by month (%)

Monthly Win Rates

Percentage of years with positive returns

Jan

42%

-1.2%

Post-holiday demand dip

Feb

55%

+1.5%

Refinery maintenance ends

Mar

52%

+0.8%

Spring refinery runs

Apr

60%

+2.1%

Pre-driving season build

May

58%

+1.8%

Driving season begins

Jun

50%

+0.5%

Peak gasoline demand

Jul

46%

-0.3%

Summer plateau

Aug

44%

-0.8%

End of driving season

Sep

40%

-1.5%

Weakest month historically

Oct

50%

+0.5%

Heating season positioning

Nov

45%

-0.5%

OPEC meeting volatility

Dec

48%

+0.3%

Year-end positioning