2:HKEX

Crude Oil Apr 26 is trading at $83.4, comfortably above its 20‑day ($70.74), 50‑day ($64.64) and 200‑day ($63.32) simple moving averages, signaling a strong bullish trend. The RSI sits at 65.6, indicating upward momentum but not yet overbought, while the MACD histogram is positive (2.30) with a bullish signal line crossover. Support at $61.87 provides a wide safety cushion, and the next major resistance sits near $119.48, far above current levels. Volatility is elevated at 66.8% over the past 30 days, yet the beta of 0.36 suggests limited systematic risk, and the Fear & Greed Index at 76.9 reflects “Extreme Greed” market sentiment. Volume trends are increasing, reinforcing the technical bullishness.