Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. The current uptrend reached the high of $67.50 and was resisted. This has been the price action since March 8. Each time USOIL is resisted, the market will fall either to $58 or $60 low. Presently, WTI […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in a sideways trend below the resistance at $67. Today, WTI crude oil is rising from the low of $62. On May 18, the USOIL price retested the $67 resistance zone and it fell to $62 support. This has been […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI price has risen to level $66 but could not continue with the uptrend. The market is retesting the resistance level of March 8. Since March 8 that level has not been broken. Meanwhile, on February 24 […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI recently is in an upward move and price is currently retesting the resistance at $66. The market is falling on the downside as a result of the rejection. In the previous rejection, the market fell to […]
US Oil rallied in the short term and now is located at 66.51 versus 66.17 yesterday’s high. The price of oil opened with a gap up today signaling strong buyers. It remains to see how the price will react in the coming hours as the rate has reached a strong resistance area. The outlook is […]
