Crude Oil Forecast: Attempts to Rebound – 30 October 2025
Crude oil is consolidating below $62, with supply-heavy fundamentals and macroeconomic risks capping upside, while a drop toward $58.50 remains a plausible scenario.

Crude oil is consolidating below $62, with supply-heavy fundamentals and macroeconomic risks capping upside, while a drop toward $58.50 remains a plausible scenario.
The Canadian dollar saw short-term strength after the BoC rate cut, but USD/CAD remains poised for a bullish breakout above 1.40 if FOMC guidance favors the greenback.
The FTSE 100 continues its bullish breakout, driven by a weaker pound and expectations of Bank of England rate cuts, with 10,000 as the next key target.
The Canadian dollar rallied post-BoC, but CAD/CHF remains in a strong downtrend, with resistance near 0.58 offering a potential short entry targeting 0.5625.
The DAX continues to find buyers on dips near its 50-day EMA, with support at 23,000 and potential for a breakout above 24,500 toward 25,000.
NZD/USD remains volatile near 0.57725 after a failed breakout, as disappointment over the Fed’s cautious tone keeps bullish ambitions in check.