Crude oil is trading around $81.39, above the 200-period exponential moving average (EMA) and around 5/8 of the Murray level, as well as the 21-day simple moving average (SMA), and is aiming to close the gap left at $85.00.

If crude oil consolidates above $81.25 in the coming hours, it could be expected to continue rising. From this level, it could move higher to reach $85 and even the 6/8 Murray level, around $87.50.

A drop below $81.25 could enable a fall to $79.11—where the 200-day EMA is located—or, if bearish momentum prevails, the instrument could close the gap left last week around $76.30.

The Eagle indicator shows a positive signal for crude oil, so we will continue buying in the coming days. Should a technical correction occur toward the 4/8 Murray level at $75, it could trigger a strong technical rebound.

We must closely monitor the $81.26 level; above this zone, the signal points to a further rally, but below it, we could sell in anticipation of a consolidation around $79–$76.

Crude oil has left another gap around $90; it is expected to continue rising in the coming days and could close this pattern, potentially reaching the 7/8 Murray level, around $93.75.