Crude Oil Weekly Price Analysis – Oil Continues to Search for Stability

FXEmpire · last updated May 9, 2026 – 3:14 AM

That being said, it looks like the $100 level is an area where once we get above it, people start to look to short. $90 looks like support.

If this trajectory continues, that might be the overall look on the market. We’re just bouncing between $100 and $90 but we’ve got a way to go before we settle into that. A lot of back-and-forth trading would be expected going forward.

Brent Crude Oil Weekly Technical Analysis

here today, more tomorrow

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