Breaking: Trading Signals for CRUDE OIL on March 23-26, 2026: buy above $87.50 (rebound - 7/8 Murray) | Forex Signals Update

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Image for Trading Signals for CRUDE OIL on March 23-26, 2026: buy above $87.50 (rebound - 7/8 Murray)

During Monday's European session, crude oil broke through the psychological $100 level, reaching a high of $101.90, after which we saw a sharp drop to $83.94.

Currently, crude oil is recovering from this sharp technical correction, which could be seen as a buy signal, as it is expected to continue rising in the coming days.

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Technically, crude oil is within an uptrend channel, so a pullback toward the 7/8 Murray level or toward the bottom of the trend channel could be seen as an opportunity to open long positions.

Crude oil (WTI) will likely return to the $101 area in the coming days, as we can see that it has left a small gap, which is likely to be filled.

If bearish momentum is maintained, the price is expected to reach the psychological level of $80 around the 200 EMA; this level could offer an entry point for long positions, as a move above this zone favors an upward trend.

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