Market Analysis – February 21 USOil is poised for a bullish reversal as indicators approach the oversold state. The 9-day simple moving average (SMA) is currently at $71.560, with the price dipping below this level, indicating temporary bearish pressure. The Relative Strength Index (RSI) stands at 41.31, nearing oversold territory, suggesting that selling momentum may […]
Market Analysis – February 14 USOil is approaching a potential bullish reversal from the bearish retracement zone. The daily chart indicates that the price is trading slightly below the 9-day SMA at $71.560, reflecting short-term bearish pressure. However, the Stochastic Oscillator is oversold at 7.98, suggesting a possible reversal in the near future. This confluence […]
Market Analysis – February 7 USOil bullish reversal has been confirmed as buyers regain control. The Simple Moving Average (SMA) and the MACD indicators indicate a shift in momentum for USOil. The price is currently testing the 9-day SMA at $72.40, and a sustained break above this level could signal further upward movement. The MACD […]
Market Analysis – January 31 USOil appears to be nearing the end of its major downward retracement. Current indicators suggest that the price may soon reverse its recent decline. The Simple Moving Average (SMA) at $73.90 is acting as resistance, while the MACD histogram shows weakening bearish momentum. The MACD line remains slightly below the […]
Market Analysis – January 24 USOil overview signals potential downward continuation. The Relative Strength Index (RSI) on the chart currently hovers near 51, suggesting neutral momentum, with neither buyers nor sellers in control. The RSI’s failure to sustain above 63 indicates that bullish strength is waning. Furthermore, the market appears to have respected the Overbought […]
Market Analysis – January 17 USOil retains bullish momentum amid strong technical indicators. The RSI indicator hovers at 64.10, signaling bullish momentum while remaining below overbought conditions, suggesting potential for further upside. The 9-day SMA is positioned at $76.30, supporting the price’s upward movement as WTIUSD trades above it, indicating strong buying pressure. USOil Key […]
Market Analysis – January 10th USOil buyers are building momentum as the market approaches the critical $75.000 resistance zone. After a bullish breakout in December, buyers have maintained their push into the new year, indicating the potential for further expansion to new highs. USOil Key Levels Resistance Levels: $75.000, $78.000Support Levels: $71.400, $66.860 USOil Long […]
Market Analysis – January 3 USOil dropped below the demand level of 72.430 in September, initiating a prolonged bearish phase. Apart from an impulsive rally in October that temporarily pushed above this level before retracing, the price largely remained suppressed. Recently, USOil has executed a significant breakout above this resistance, suggesting the potential for a […]
Market Analysis – December 21 USOIL has undergone a notable shift in market structure after forming a major high at the 87.60 price level. A bearish trend emerged as the price consistently created lower lows, culminating in a daily bearish break of structure. This critical shift has solidified a long-term bearish outlook, reshaping sentiment and […]
