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 […]
Crude Oil has experienced a bearish breakout from a pennant on the daily chart. The market has retested the lower border after bouncing off the 66.00 support level. Crude Oil Key Levels Demand Levels: 70.20, 66.00, 62.00Supply Levels:83.20, 89.00, 92.80 Crude Oil Long-Term Trend: Bearish Crude Oil formed a giant double-top pattern from September to […]
AVAX continues to expand upward as investor confidence continues to rise. AVAX is undoubtedly prominent among the watchlists of many cryptocurrency traders due to its ranking among the top 20 largest coins on Coin MarketCap. The continuous appreciation of AVAX can be attributed to the latest news regarding the launch of Core’s mobile version. An […]
USOil price action was able to break through the $80 price resistance level. It took some time for this to be achieved, but from the looks of things, prices may move further in the upside direction from here. Nevertheless, these may sound presumptuous without establishing some facts, so let’s dive in. Major Price Levels: Top […]
The USOil price action seems focused on moving higher over the last four trading sessions. And interestingly, price action in this market has been on a progressive upward path. Will this form continue? Let’s check it out. Major Price Levels: Top Levels: $79.00, $80.00, $81.00 Floor Levels: $78.18, $77.00, $76.00 USOil Appears Ready to […]
