Market Analysis – April 18th USOil sellers pull back as bulls remain shut out. The recent disintegration of the USOil price has sent shockwaves through the industry, as sellers pull back and the bulls find themselves shut out. This sudden shift in market dynamics has left investors and traders on edge, uncertain of what lies […]
Market Analysis – April 13th USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely […]
TotalEnergies announced on Monday that it has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play. This acquisition increases TotalEnergies’ natural gas production capacity in Texas and further strengthens its business integration in the U.S. LNG value […]
Market Analysis – April 6th USOil trades with strong resilience. USOil has demonstrated strong bullish momentum, with the buyers showing determination to push the price higher. Despite some potential slowdowns in their impulse, the bulls remain focused on their target of reaching the key level of 90.00. This resilience in the face of selling pressure […]
Market Analysis – April 3 USOil faces a potential major pullback as the price approaches FVG in the premium zone. Oil faces the possibility of a major pullback following a market structure shift, with the Fair Value Gap serving as a key determinant of market sentiment. The Stochastic Oscillator currently suggests an impending pullback as […]
The United States has secured 2.8 million barrels of crude oil for its national emergency oil reserve, aiming to replenish dwindling supplies. The Energy Department has been gradually refilling the Strategic Petroleum Reserve, which had reached a 40-year low. In response to soaring retail gasoline prices in 2022, the Biden administration authorized the release of […]
Market Analysis – March 25th USOil (WTI) trades with modest losses. The recent market dynamics in the USOil (WTI) market have been characterized by a tug-of-war between buyers and sellers. The bears initially gained momentum after a rejection at the significant level of 83.260. However, the buyers regained confidence following a sell-off drop at the […]
Market Analysis – March 22nd US Oil (WTI) buyers face rejection at the 81.400 key level. This month, the US Oil market has remained within a ranging pattern, with no significant moves taking place. In February, both buyers and sellers were engaged in a struggle within this market. The sellers managed to pin the price […]
Market Analysis-March 12 USOIL takes a pause for a bullish rally as sellers take control. The USOIL has experienced a significant rally, with buyers pushing the price higher and higher. However, in recent days, a shift in market dynamics has occurred, with sellers taking control and pausing the rally. USOil Key Levels Resistance Levels: 80.700, […]
