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 […]
Market Analysis – December 12 The USOil market is currently experiencing a lack of clear directional momentum, fluctuating within a range defined by the supply zone at 72.430 and the demand zone at 67.190. Within this consolidation phase, the formation of lower highs and equal lows outlines a descending triangle, signaling growing bearish pressure. USOil […]
Market Analysis – December 5 USOil remains confined between the resistance zone at 7182.0 and the demand level at 6767.0 on the daily timeframe. The development of lower highs and higher lows has formed a symmetrical triangle, reflecting market indecision and a lack of definitive direction. USOil Key Levels Demand Levels: 6767.0, 6512.0, 6237.0 Supply […]
Market Analysis – November 28 USOil has been consolidating within a range defined by the 72.430 resistance zone and the 67.970 support zone since early September. Price movements have consistently oscillated between these levels, forming a well-established range. Currently, the price failed to reach the resistance zone and has instead reversed downward, edging closer to […]
Market Analysis – November 21 USOil price movement remains constrained within a clearly defined range, reflecting ongoing market indecision. After testing the demand level in September, the commodity has not established a definitive breakout. The price continues to fluctuate between significant levels, presenting both challenges and opportunities for traders. USOil Key Levels Demand Levels: 67.970, […]
Market Analysis – November 16 USOil has been range-bound between two crucial price levels since September. The market has repeatedly failed to break through resistance at 72.430, while the 67.970 support has consistently held firm. Currently, the price is resting at this support zone, showing clear signs of a potential reversal. USOil Key Levels Demand […]
Market Analysis – November 8 The USOil price has been trapped below the resistance level of 72.430 and the support level of 67.970. Currently, the market is showing bearish reversal signs as the price has reached the resistance zone of the market range. USOil Key Levels Demand Levels: 67.970, 62.540, 57.920Supply Levels: 72.430, 78.420, 83.290 […]
Market Analysis – November 1 USOil index remains in a long-term bearish trend, with a downward-sloping trendline defining the daily chart. Since 2023, the key demand zone at 67.970 has held firm, forming a descending triangle pattern. Recent price action saw a gap into this zone, prompting a bounce off the demand level as the […]
Market Analysis – October 25 The USOil market continues to create lower highs, coupled with an equal low around the demand zone at 67.970, shaping a descending triangle on the 24-hour chart. The recent bearish move from the supply zone at 78.420 halted as it tested a bullish order block emerging near the 67.970 demand […]
