Market Analysis – August 4th US Oil (WTI) buyers aim for a breakout above the 83.440 key zone. The buyers are focused on achieving a breakout above the significant zone at 83.440. Their determination to push for a breakthrough remains strong. While there has been progress in price, an additional effort is required to surpass […]
Market Analysis – July 28th US Oil (WTI) continues to dive forward due to bullish strength. The oil market is currently in a strong position. The bulls have been dominating the market and preventing sellers from changing course. In the past few days, the buyers have been able to break out above the 73.570 market […]
Market Analysis – July 21 US oil (WTI) flirts above the 74.220 market level as buyers prepare to bounce off it. Oil traders have seen a volatile market for the past two months. The market started strong in May, with prices rising from 83.370 to nearly 84.000. However, by the end of June, sellers had […]
Market Analysis – July 16 US Oil experiences losses after taking a fresh breath. In recent times, there has been a drop in the US oil market. The buyers, who were actively involved in the market, attempted to challenge the key zone of 75.850 and managed to breach it. However, their breakout has been impeded […]
Market Analysis – July 14 US Oil is determined to achieve further gains despite the ongoing consolidation. The bulls have displayed a positive price tendency throughout the week, indicating the potential for a breakout beyond the 74.530 level. However, if there is a decline in buyers’ purchasing power, the US Oil market may continue its […]
US Oil Analysis – Market Consolidates as Sellers Eye Back at the 67.270 Market Level US Oil remains stable above the 68.270 key zone. The prices have been steady, hovering around an old low zone for a while. Since the start of May, the market has remained in a state of consolidation, with prices bouncing […]
Market Analysis – June 16 US Oil market participants seem to be awaiting the price’s reaction at the bearish order block. The bearish order block happened to be created on May 2, 2023, at the 62.0% Fibonacci retracement level at the premium zone. US Oil Significant Levels Demand Levels: 63.60, 57.30, 48.50Support Levels: 83.50, 93.70, […]
Market Analysis- June 9 The US Oil market has created a range between the resistance level of 75.00 and the support level of 67.50. In the long term, the market is still bearish. The short-term consolidation has been observed to be a result of the well defended bearish order block resting in the resistance zone. […]
Crude Oil is presently descending toward the swing low positioned within the demand zone at 66.00. Following the bearish displacement that occurred at the beginning of May, the correction phase came to a halt upon breaching the bullish trend line. US Oil Key Levels Demand Zones: 66.00, 62.00, 60.00Supply Zones: 74.50, 76.80, 80.80 US Oil […]
