Technical analysis
Trading Signals for CRUDE OIL on August 5-7, 2026: buy above $73,00 (rebound – 4/8 Murray)
Crude oil is trading around $73.88,
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05.08.2026 07:51 AM
Crude oil is trading around $73.88, below the 4/8 Murray pivot point, and has faced strong downward pressure since the opening of this week’s trading session.If crude oil consolidates above $75 in the coming hours, this could be seen as an opportunity to open long positions, and we could expect it to reach the 200-day moving average around the psychological level of $80 in the coming days.Conversely, if downward pressure prevails, we could expect crude oil to reach the $71.33
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