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 […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL is trading in the bullish trend zone as it resumes uptrend at $104. Today, the index is rising as the selling pressure subsides. Meanwhile, on March 8 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates […]
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 as it reaches an overbought region at $116. The uptrend will continue to rise as long as the price is above the moving averages. Meanwhile, on March 3 uptrend; a retraced candle body tested the 61.8% Fibonacci […]
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 a smooth uptrend as bulls resume a fresh uptrend . On February 24, the index made an upward rally to the high of $100. Simultaneously, the index dropped sharply to the low of $90. WTI is now hovering above […]
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 a smooth uptrend but retraces to $90 low. The uptrend has been ongoing since December 20. The price action is characterized by small body candlesticks called Doji. These are above the moving averages and the bullish trend line. 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 since December 2 but faces rejection at $94.63. On February 4, the index rallied to a high of $93.14 and pulled back to the low of $88.53. The upward move has begun as price breaks the recent […]
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 a smooth uptrend as it reaches an overbought region at $93.14. The upward move has continued unabated after breaking the resistance at level $84.63. Today, the USOIL uptrend has reached the high of $93.14 and pulled back. The upward […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been in an uptrend but faces rejection at $87.50. It is retracing after breaking above the overhead resistance. The index reached the overbought region of the market. It is facing rejection at $87.50 high. The overhead resistance has not been […]
