Market Analysis – October 22 The USOIL index recently surged into the supply zone at $80.00, encountering significant selling pressure, which triggered a sharp decline. This drop pushed prices down to the $68.00 demand level, where the market briefly saw a bullish recovery. However, the aggressive retracement has raised concerns, as buyers now face the […]
Market Analysis – October 11 The USOil index has recently made a decisive move into bullish territory, breaking out from a key resistance zone and an overarching trendline. After this breakout, the price retraced to the zone for a retest, reinforcing the current upward momentum. USOil Key Levels Demand Levels: 72.500, 69.280, 65.290 Supply Levels: […]
Market Analysis – September 26 The USOil index continues to respect the 71.610 supply level, reinforcing the ongoing bearish momentum. This supply zone has acted as a key resistance, driving a sustained downward move. The price is now on track to test the next critical swing low at 63.650. USOil Key Levels: Supply Levels: 71.610, […]
USOil Breaks Out and Retests Key Level The USOil market recently delivered an impressive, impulsive move, breaking out of its bearish channel in September. The test of the bearish order block at 78.00 triggered an influx of sellers, leading to significant short positions in the market. Following this breakout, USOil retraced to the swing low […]
Market Analysis – September 14 The USOil market has continued its decline since July, with three consecutive falling peaks initiating the downward movement from a high of 84.490 to a low of 65.650. The price is now retracing towards the resistance zone at 71.610, signaling a potential test of this critical level. Market participants are […]
Market Analysis – September 5 USOil index continues its downward movement, heading toward the key demand zone near the swing low of 6836.0. The price action on the daily chart is evident, with the market structure showing a consistent pattern of lower highs and lower lows, confirming a strong bearish trend. USOil Key Levels Demand […]
Market Analysis – August 30 USOil (WTI) price has recently shown significant sensitivity to a bearish order block, which has played a crucial role in halting its upward momentum. As the price attempted to rise, it faced strong resistance at the 76.90 level, a key bearish order block formed during its previous decline. This resistance […]
Market Analysis – August 23 The USOil price has shown sensitivity to a downward parallel channel on the daily chart. After testing the channel’s lower boundary, the price has reversed direction, initiating an upward movement. USOil Key Levels Demand Levels: 72.40, 69.30, 67.70 Supply Levels: 80.20, 86.50, 89.80 USOil Long-term Trend: Bearish Before the recent […]
Market Analysis – August 8 USOil market has recently confirmed a significant bearish break of structure, signaling an advantage for sellers. The price dropped below the previous swing low of 72.40, reinforcing the ongoing downward trend. This move highlights the continued strength of bearish sentiment in the market. Key Levels for USOil Demand Levels: 72.40, […]
