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 […]
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 downward trend as it may revisit the $76 low. As long as the price is below the moving average lines, further price decrease is probable. On the downside, USOIL will decline to its previous low of $82. The […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL is on an upward reversal as it declines to $88 low. The resistance level at $93 is the index’s first price target. Buyers are attempting to reference previous highs. At the $93 and $97 highs in previous ascents, the index […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL is in an upward correction as it moves toward the $93 high. The index’s first target price is the resistance at $93. The past highs are being tried to be referenced by buyers. The index was stopped in its tracks […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL reaches bullish exhaustion as it risks a decline to $76. Buyers are attempting to push the index to the previous highs. In previous upward moves, the index was repelled at the $93 and $97 highs. However, WTI is already trading […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has resumed selling pressure as it holds above $86. The index may revisit the previous low at $75 if price breaks below the moving average lines. Nonetheless, on September 8 downtrend, WTI made an upward correction and a candle body tested […]
