Market Analysis – April 6th USOil trades with strong resilience. USOil has demonstrated strong bullish momentum, with the buyers showing determination to push the price higher. Despite some potential slowdowns in their impulse, the bulls remain focused on their target of reaching the key level of 90.00. This resilience in the face of selling pressure […]
Market Analysis – April 3 USOil faces a potential major pullback as the price approaches FVG in the premium zone. Oil faces the possibility of a major pullback following a market structure shift, with the Fair Value Gap serving as a key determinant of market sentiment. The Stochastic Oscillator currently suggests an impending pullback as […]
The United States has secured 2.8 million barrels of crude oil for its national emergency oil reserve, aiming to replenish dwindling supplies. The Energy Department has been gradually refilling the Strategic Petroleum Reserve, which had reached a 40-year low. In response to soaring retail gasoline prices in 2022, the Biden administration authorized the release of […]
Market Analysis – March 25th USOil (WTI) trades with modest losses. The recent market dynamics in the USOil (WTI) market have been characterized by a tug-of-war between buyers and sellers. The bears initially gained momentum after a rejection at the significant level of 83.260. However, the buyers regained confidence following a sell-off drop at the […]
Market Analysis – March 22nd US Oil (WTI) buyers face rejection at the 81.400 key level. This month, the US Oil market has remained within a ranging pattern, with no significant moves taking place. In February, both buyers and sellers were engaged in a struggle within this market. The sellers managed to pin the price […]
Market Analysis-March 12 USOIL takes a pause for a bullish rally as sellers take control. The USOIL has experienced a significant rally, with buyers pushing the price higher and higher. However, in recent days, a shift in market dynamics has occurred, with sellers taking control and pausing the rally. USOil Key Levels Resistance Levels: 80.700, […]
On Wednesday, oil prices increased due to anticipated strong global demand, particularly from the United States, the world’s leading consumer. Despite lingering U.S. inflation concerns, expectations remained unchanged regarding potential rate cuts by the Fed. Brent futures for May climbed by 28 cents to $82.20 per barrel by 0730 GMT, while April U.S. West Texas […]
Market Analysis – March 5th USOil (WTI) loses sharpness amidst fresh momentum. The recent movements in the USOil (WTI) market reflect a mix of momentum and struggle. Despite the bold attempts to breach the significant level of 80.030, the crude oil market has faced challenges in maintaining sharpness. Throughout February, buyers showed interest, gaining an […]
Market Analysis – February 24th USOil bearish turn gradually comes to sight. The price of oil, particularly US oil, has been a subject of great interest and speculation among traders and investors. In recent times, there has been a notable shift in market sentiment towards USOil, hinting at a potential bearish turn. USOil (WTI) Key […]
