Friday morning brought a sudden correction to the oil markets on Hong Kong tensions but this did little to the upwards trend that remains intact. Traders can notice that both the trend line and a (50) moving average on the H4 interval keep providing support to the OIL.WTI that is nearly 100% up from the end of April lows. On the news side, traders will prioritize any signals of demand recovery now that the economies in Europe and US are opening up.
GOLD is breaking new records 📈
Oil prices rise on signs of easing tensions between the US and China
Chart of the day - GOLD (13.10.2025)
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