USOIL Resumes Downward Correction as It Holds Above $90.54

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend as it holds above $90.54. WTI price is making a series of lower highs and lower lows. Each lower high is higher than the previous high. Today, the index is making a lower high of $101.87. USOIL […]

USOIL Is in an Uptrend but It May Face Rejection at $111.42

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend but it may face rejection at level 111.42. Presently, the uptrend is reaching the overbought region of the market. Sellers will emerge in the overbought region of the market. Meanwhile, on June 22 downtrend; a retraced candle […]

USOIL Is In An Overbought Region As It May Decline To $89.23

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend as it may decline to $89.23. In the meantime, the index is making an upward correction. The current uptrend may face resistance at a high of $111. Thereafter the selling pressure may resume to the downside. Meanwhile, […]

USOIL Recovers but Rallies to an Overbought Region at $108.54

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downtrend but rallies to overbought region at $108.54. The index fell to the low of $101.56 and resumed upward. The current downtrend has subsided as WTI reaches the high of $107.53. WTI will regain bullish momentum if price […]

USOIL Surges Ahead as It Targets the High of $125.69

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an uptrend as it targets the high of $125.69. The index price has been making a series of higher highs and higher lows. Meanwhile, on May 18 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The […]

USOIL Makes Positive Moves, Revisits Previous High of $129

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an upward move as it revisits previous high of $129. Since March, the bulls have been struggling to sustain above the $115 resistance level. Today, the bulls have broken the $115 resistance to reach the high of $120. […]

USOIL Continues Its Sideways Move as It Faces Rejection at $115

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: RangingUSOIL price has continued its sideways move as it faces rejection at $115. The bulls are yet to break above the resistance. Since May 16, the bulls have been struggling to break above the resistance but were repelled. The index is fluctuating […]

USOIL Trades in the Overbought Region as It Faces Rejection at $110.58

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: RangingUSOIL price is in a sideways trend since March 22 as it faces rejection at $110.58 . The index has been fluctuating between $98 and $115 price levels. Today, the upward move has reached the high of $110.61 but faces rejection at […]

USOIL Pushes to the Upside as It Struggles Below $111.15 High

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an uptrend since April 26 but struggles below $111.15 high. The index price broke above the moving averages. This is an indication that the market will rise to the upside in the bullish trend zone. Meanwhile, on April […]

USOIL Retraces Above $104 Support, May Revisit the High of $108

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an uptrend but may revisit the high of $108. Today, the index is retracing after facing rejection twice at the recent high. The market will resume a fresh uptrend if the index retraces and finds support above the […]