Market Analysis – May 20 USOil witnessed a bearish shift in the market structure in April. Shortly after reaching the supply zone of 87.50, the price retraced to a bullish confluence region to find support. The interception of the demand level and the bullish trendlline failed to hold leading to a crash in the price. […]
USOil (WTI) Market Analysis – May 31 USOil price experienced a notable bearish breakout, breaching the bullish trendline that had provided support for long orders at the beginning of May. Since this breakout, prices have oscillated within a narrow range, forming a consolidation pattern on the daily chart. USOil (WTI) Key Levels Demand Levels: 76.00, […]
Market Analysis – May 24 In April, USOil (WTI) experienced a pronounced bearish shift in its market structure. After climbing to the supply zone at $87.50, the price pulled back to a critical bullish confluence region for support. However, the support from the demand level and the ascending trendline was insufficient, leading to a significant […]
Market Analysis – May 10 The USOil market has undergone a notable bearish reversal as the daily chart depicts. This reversal became apparent after failing to breach the resistance level of 87.520 in April, marking a pivotal juncture in market dynamics. Notably, the most recent breach of the demand level at 81.160 has paved the […]
Market Analysis – May 3 USOil offered buy-side delivery of the price in the marketplace since the inception of the year. However, the month of May has changed the tide of the bullish institutional order flow. The parallel channel guiding the upward trend has been invalidated by a bearish breakout. US Oil Key Levels Demand […]
Market Analysis – April 27 USOil bearish trend halted at the demand level of 72.10. The market experienced a shift in market structure after finding support on the lower Bollinger band. Before the bullish reversal, the Williams Percent Range signaled an ascent in the price in December when it swerved into the oversold region. USOil […]
Market Analysis – April 18th USOil sellers pull back as bulls remain shut out. The recent disintegration of the USOil price has sent shockwaves through the industry, as sellers pull back and the bulls find themselves shut out. This sudden shift in market dynamics has left investors and traders on edge, uncertain of what lies […]
Market Analysis – April 13th USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely […]
TotalEnergies announced on Monday that it has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play. This acquisition increases TotalEnergies’ natural gas production capacity in Texas and further strengthens its business integration in the U.S. LNG value […]
