USOil has been trading within a sideways price channel formed by the Fibonacci levels of 78.60 (resistance) and 100 (support) since mid-November 2022. And at this point, price action in the USOil market is now trying to retrace the resistance of this channel. Let’s zoom in to get a better view of things in this […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishThe USOIL index is correcting upward as it challenges the resistance at $80. WTI has surpassed the 21-day line SMA and is closing in on the 50-day line SMA. If the 50-day simple moving average (SMA) is broken, the bullish momentum will […]
Following the extended downward retracement that started from the 2nd until the 7th of December 2022, USOil has been able to recover a significant part of the losses incurred during those times. Furthermore, market signs are still positive about more upside price moves. Major Price Levels: Top Levels: $78.37, $80.00, $82.00 Floor Levels: $76.00, $74.00, […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL index is correcting upward as it may reach a high of $84.76. WTI has broken through the 21-day line SMA and is approaching the 50-day line SMA. If the 50-day line SMA is breached, the bullish momentum will extend to a […]
Those who are very good at investment timing know that this is one of the best times to buy cryptos with huge potential. The kind of opportunity we have now, also presented itself in the middle of the year 2020, in the world of crypto and in other traditional markets. Most popular tokens were extremely […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is on the decrease as it faces further rejection at $76. The index is currently falling as a result of resistance at the 21-day line SMA. As it decreases, the selling pressure has returned. WTI reversed its bearish trend on November […]
Price activity on the WTI/USD market seems to have met a strong resistance, during its upside retracement. Subsequently, there has been a change of events, and price action may resume its overall moderate downtrend. Important price Levels: Top Levels: $80.00, $84.00, $88.00 Floor Levels: $75.85, $73.00, $70.00 WTI/USD Corrects off the $77.50 Resistance A significant […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is in a downward trend as it risks a decline to $61.40. The index is currently correcting upward to retest the prior high. If the current high is rejected, the decline will resume. The $76 support has been in place since […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL is on a decline as it risks further decline to $61. Since September 26, the $76 support has been in place. WTI will, however, continue to go to the downside given the present collapse. WTI reversed its downward trend on November […]
