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: […]
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, […]
