Crude Oil Forecast: Rallies but Faces Resistance – 17 November 2025
Crude oil rallied on Friday but stalled below $62, as weak demand and strong resistance continue to cap upside momentum in a volatile, range-bound market.

Crude oil rallied on Friday but stalled below $62, as weak demand and strong resistance continue to cap upside momentum in a volatile, range-bound market.
USD/JPY surged from the 153.50 level on Friday, supported by strong carry trade dynamics and bullish momentum, with further upside likely above 155.
The EUR/USD pair holds steady around 1.1600 on Monday, little changed at the start of the new week.
Bitcoin plunged through $100,000 on Friday, with weakening momentum and a potential death cross highlighting growing downside risks as ETF enthusiasm fades.
The Australian dollar stabilized near 0.6550 on Friday, supported by the 200-day EMA, as traders watch global risk sentiment and commodity demand for further direction.
Gold’s failure to hold above $4,200, combined with fading volume on the latest push higher, suggests the uptrend may be losing momentum and could face a deeper correction if the 50-day EMA gives way.