Market Analysis – December 8th USOil (WTI) sellers shake buyers and off momentum. According to technical analysis, the oil market has seen a shift in momentum from sellers to buyers. The sellers had been in control for a while, but since October, the buyers have started to gain ground. Before that, the buyers had a […]
In a startling turn of events, oil markets witnessed a sharp surge in prices on Friday, driven by escalating tensions in the Middle East. The Israeli government issued a stern warning, signaling a possible ground offensive into northern Gaza and urging residents and UN officials to evacuate within 24 hours. This dramatic development has added […]
US Oil Analysis – Buyers Seeks Out Price Expansion US Oil pushes for more gains despite consolidation. The bulls have maintained a positive price tendency throughout this week, leading to the possibility of a breakout beyond 74.530. Despite this potential, any reduction in buyers’ buying strength could mean the Crude Oil market is set to […]
US Oil Analysis – Price Remains in a Consolidation Phase US Oil makes gain in the phase of consolidation. The Oil market has been in a period of consolidation since November 2022. A sharp sell-off sent prices from the 92.650 key zone down to the 74.480 key zone. Following that sell-off, the US Oil market […]
US Oil Analysis – Market Consolidates as Sellers Eye Back at the 67.270 Market Level US Oil remains stable above the 68.270 key zone. The prices have been steady, hovering around an old low zone for a while. Since the start of May, the market has remained in a state of consolidation, with prices bouncing […]
Market Analysis – June 16 US Oil market participants seem to be awaiting the price’s reaction at the bearish order block. The bearish order block happened to be created on May 2, 2023, at the 62.0% Fibonacci retracement level at the premium zone. US Oil Significant Levels Demand Levels: 63.60, 57.30, 48.50Support Levels: 83.50, 93.70, […]
Market Analysis- June 9 The US Oil market has created a range between the resistance level of 75.00 and the support level of 67.50. In the long term, the market is still bearish. The short-term consolidation has been observed to be a result of the well defended bearish order block resting in the resistance zone. […]
Crude Oil is presently descending toward the swing low positioned within the demand zone at 66.00. Following the bearish displacement that occurred at the beginning of May, the correction phase came to a halt upon breaching the bullish trend line. US Oil Key Levels Demand Zones: 66.00, 62.00, 60.00Supply Zones: 74.50, 76.80, 80.80 US Oil […]
Market Analysis 26 The US Oil market direction turned bearish in April after a shift in the market structure. The market crash delivered the price to the demand level of 74.000. A retracement back to the bearish order block has been established for shorting opportunities. US Oil Significant Zones Demand Zones: 68.80, 66.00, 62.00Supply Zones: […]
