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 […]
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 […]
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 […]
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 […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL price is in a downtrend as bears threaten to break below it .The index’s price broken below the moving averages for the second time. In the previous bearish impulses, the market has been holding above the $92.96 low. Today, if the […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price has regained bullish momentum as it struggle to sustain above $104 high. The downtrend subsided after falling to the low of $92. 96 as bulls bought the dips. On April 12, WTI rebounded as price rallied above the moving averages […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL price has broken below the moving averages as the index risks further decline $87 low. WTI is in the bearish trend zone and may further decline to the downside. The price is making a series of lower highs and lower lows. […]
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 the index holds above $97. The index price is above the 50-day SMA but below the 21-day line SMA. This indicates that the market may resume a range-bound move for a few more days. Nonetheless, if […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL has resumed an upward move but faces rejection at $106. Since March 9, the index has been in a downward move as price fell and found support above the 50-day line moving averages. On March 17, the WTI regained bullish momentum […]
