Crude oil futures price technical outlook remains constructive, with RSI levels near 60 indicating room before overbought conditions kick in. Support holds firm near $77. Natural gas prices are steadily rising, but the US has been expanding its exports of the product, keeping production largely flat . Crude oil is leaning lower in August 2025, with the odds of a challenge to the 2025 lows rising. However, the volatile Middle East could turn the bear into a bull in the blink of an eye. Trading in crude oil rather than investing, could be optimal over the coming weeks and months. The August 15 meeting between Presidents Trump and Putin could cause significant price volatility in the crude oil market. Crude oil futures price charts show moving averages turning upward, signalling possible sustained rally conditions. Seasonal demand could align with technical buying, pushing futures toward the $81-$82 corridor.
