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: […]
Market Analysis – May 12 The crude Oil market has offered a sell-side delivery of the bullish swing, which originated from the demand level of 66.000 to the supply zone of 83.370. The market price is currently on a free fall, aiming to sweep the previous low of 64.000. US Oil Key Levels Demand Levels: […]
Market Analysis – May 5 US Oil price has declined quickly after a false breakout above 81.130. This week, the market reached its lowest price so far at 66.000. US Oil Key Levels Resistance Levels: 81.130, 89.000, 92.800Support Levels: 73.200, 66.000, 62.000 Oil Long-Term Trend: Bearish Oil price fluctuations have been very erratic in recent […]
Market Analysis – April 28 US Oil gapped above the previous high in anticipation of a retest to resume the bearish trend. The market has corrected to fill the gap. The price action is currently being observed to determine if Crude Oil will resume its bearish trend. US Oil Key Levels Demand Levels: 66.000, 62.000, […]
Market Analysis – April 23 US Oil anticipated retest of the lower border of the pennant was dashed with a gap above the chart pattern. The price appeared above the range upon reaching the lower trendline on the 24-hour chart. The market is currently correcting to fill up the gap on the daily chart. US […]
Market Analysis – April 14 US Oil experienced a bearish breakout below the demand level of 73.20. The anticipated retest of the demand level was dashed as the market suddenly gapped above 81.130. Oil Key Levels Demand Levels: 73.200, 66.000, 62.00Supply Levels: 81.130, 89.000, 92.800 Oil Long-Term Trend: Bullish Oil was stuck between the resistance […]
USOil Analysis – April 9 USOil Flips Bullish As Price Invalidates $81.00 Previous High. Since the emergence of the downtrend in March 2022, the market has been typically bearish. However, the bulls seem to be in control of the market now as the previous high of $81.00 gets invalidated. USOil Significant Zones Demand Zones: $72.50, […]
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Market Analysis – March 31st US Oil broke the supporting trendline on the 13th of March. The Bearish displacement delivered from 81.130 to 66.00. The market is currently experiencing a retracement after the impulsive move. US Oil Key Levels: Demand Levels: 73.20, 66.00, 62.00Supply Levels: 81.10, 89.00, 92.80 Oil Long-Term Trend: Bearish The tussle over […]
