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USOIL (WTI) Sustains Recent Rallies, Resumes Uptrend

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 […]

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USOIL (WTI) Continues Bullish Run but Reaches the Overbought Region

Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.00,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an upward move. Today, the index has risen to $84.15 despite the overbought condition of WTI. This recent uptrend becomes stronger after the breakout at level $76. Today, the candlesticks have strong buying pressure indicating that the current trend […]

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