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 an upward move as it faces rejection at $78. The index price breaks above the 21-day line SMA but faces rejection at the 50-day line SMA. As the index faces rejection at the recent high, WTI will fall and […]
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 an upward move as it reaches an overbought region. The index price has broken above the 21-day SMA. The bullish momentum is ongoing as price approaches the 50-day SMA. The bottom line is that if price breaks 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 is in a downward move as it battles the resistance at $73. After the bearish impulse of November 30, the bulls bought the dips. WTI has corrected upward but it is facing resistance at the $73 resistance. USOIL is retracing to […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has been in a downward move. On November 10, WTI faced rejection from the high of $84. USOIL plunged to the low of $62 as bulls bought the dips. Since December 2, the index has been making an upward correction as […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has been in a downward move. WTI ‘s downtrend has reached bearish exhaustion. The market has declined to the previous low of $62.46 as bulls bought the dips. On August 20, USOIL fell to the same price level as the index […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is now in a downtrend. On October 26 uptrend, WTI attained its peak price at $84 but was resisted. Initially, USOIL slumped to $78 because of the initial resistance. Buyers pushed WTI to its peak price which resulted in further rejection. […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has fallen below the moving averages. The implication is that further selling on the downside is likely. The index has fallen to the low of $75. The bears are attempting to break below the current support. The current support is the […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend but it is in a sideways move below the $85 resistance level. Since October 26, the uptrend has been interrupted as the market fluctuates between $78.50 and $85. In other words, WTI price is between the two […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. Today, the index price is making an upward move to revisit the previous highs. In the previous price action, the market reached the high of $84.84 but was resisted. The index reached the overbought region as sellers […]
