Today’s oil price forecast Future WTI trend and signals By Francesco Massetti Posted on 29 May 2025 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr oil price forecasts today oil price forecasts today Oil price forecasts today and in the long term Oil price forecast today technical analysis and trading signals through stock market cycles by economist WD Gann. Oil price chart and technical overview Oil price next week After a long distributional phase that lasted between the week of 24 March 2023 and 17 January 2025, oil prices started to fall again and reached the targets indicated in previous reports. During the sideways period, the fluctuation bands alternated between $64 and $87, and as time passed these two levels gradually narrowed until the sideways ended: during the expiry of the Maximum Square on 17 January, price dynamics began to correlate with a strong negative return for seven weeks in a row. Prices went from a high at $80.73 on 17 January 2025 to a low at $65.25 on 07 March. During the expiry of the Range Square in the week of 04 April, oil again accelerated the downward run reaching the 1X1 corner and the static octave at $55.14 the following week. The subsequent weekly stock market signal on 18 April 2025 triggered a new negative laterality, with prices fluctuating between 64.80% and $55.40. The next stock market signal coincides with the week of 30 May 2025. A return below $59.80 will confirm the weakness of prices, which will have as their first supports the area of $57-56, then $52.80. With quotations above $64.50 the oil trend will indicate the continuation of the positive laterality: resistances in the area of $64.70; $67. Oil price trend for the coming months WTI monthly The dynamics of oil prices in the medium term have been negative in particular since the negation of the January 2025 monthly set-up. In fact, during the previous months, the trend of WTI was sideways negative, with the highs and lows gradually decreasing. After the expiry of the Maximum Square in January, the trend started its descending phase again, reaching in April 2025 the 1X1 descending angle in the $55 area. Several cyclical expiries converge in May 2025. Next supports in the area 51; 48.5$. Resistances in the $65; $67 area. Quarterly Oil Technical Analysis WTI quarterly The long sideways phase is most visible in the quarterly time frame. We can observe how the quarterly candles were side by side until the quarterly set-up in March 2025. Just after that we observe the start of the descent that will have as further targets area $47.60; $37.30. The WTI forecast article was described using the WD Gann technique and the Top Trader(c) stock market software.
