Market Analysis – April 25 USOil shows a decrease in buying pressure as the price approaches the supply zone. Technical indicators on the USOil daily chart reflect a bearish tone. The Stochastic Oscillator (14,1,3) reads 78.42 and 63.24, nearing the overbought region, which often signals potential downward movement. Additionally, the 9-day Simple Moving Average (SMA), […]
Market Analysis – April 18 USOil exhibits a bearish trend while undergoing a temporary bullish correction. Technical indicators on the daily chart point to short-term upward movement within a larger bearish framework. The Relative Strength Index (RSI) currently stands at 45.83, rebounding from previous oversold levels and signaling emerging bullish momentum, though it remains below […]
Market Analysis – April 11 USOil is facing rejection as bearish momentum gains strength. On the daily chart, the Moving Average Convergence Divergence (MACD) indicator highlights persistent downward pressure. The MACD line remains below the signal line, with both sloping downward, confirming sustained selling interest. Additionally, the histogram continues to display negative bars, indicating that […]
Market Analysis – April 4 USOil has crashed below a key support level as bearish momentum dominates the market. Technical indicators are signaling a strong downtrend for USOil. The 9-day Simple Moving Average (SMA), currently at $68.90, has been decisively broken, with price action trending well below it—confirming continued downside pressure. The MACD (Moving Average […]
Market Analysis – March 28 USOil is exhibiting bearish momentum as key resistance remains firm at $70.00. Several indicators on the chart confirm this bearish outlook. The 9-day simple moving average (SMA) is positioned at $68.60, acting as dynamic support; however, price action is struggling to maintain levels above it. Additionally, the Stochastic Oscillator is […]
Market Analysis – March 21 USOil remains under pressure as sellers continue to dominate the price action. The 9-day Simple Moving Average (SMA) at $67.250 serves as dynamic resistance, hindering any upward movement. The MACD (Moving Average Convergence Divergence) indicator reflects weak bullish momentum, with the MACD line positioned below the signal line, reinforcing a […]
Market Analysis – March 14 USOil may experience heightened bearish momentum in the coming days. Current chart indicators suggest a continuation of this trend, with the 9-day Simple Moving Average (SMA) showing a downward trajectory around $66.820, reflecting significant selling pressure. The Relative Strength Index (RSI) stands at approximately 41.11, below the neutral 50 mark, […]
Market Analysis – March 7 USOil remains under bearish pressure as lower highs and lower lows continue to form. The 9-period SMA (Simple Moving Average) is positioned at $68.580, acting as dynamic resistance and keeping price action below it. The MACD (Moving Average Convergence Divergence) remains deep in bearish territory, with both the MACD line […]
Market Analysis – February 28 USOil exhibits bullish momentum as key indicators suggest a potential reversal. The Stochastic Oscillator is climbing from oversold levels, with the %K line crossing above the %D line, indicating increasing bullish strength. The 9-period SMA, currently positioned at $70.560, serves as dynamic resistance, though price action is attempting to surpass […]
