Market Analysis- February 21st USOil buyers cling to the hope of expanding further. With its volatile nature and potential for significant gains, US oil has become a favorite among traders looking to make a profit. In recent months, the bulls have been in control, pushing the price higher and higher. However, as with any market, […]
Market Analysis – February 10 USOil drifts higher as buyers take charge. Sellers have been pushed out for several days now, and the market strength has been in favor of the buyers. The month of February has seen surprising strength from the bulls in the US oil market. Towards the end of January, the oil […]
Market Analysis – February 2nd USOil bears continue to clash lower as momentum grows. The market has been responding to bearish sentiment, and there is a possibility of further downward movement. The sell pressure has been intense for several days, indicating a growing bearish momentum. USOil Key Levels Resistance Levels: 82.520, 77.970Support Levels: 69.760, 67.870 […]
Market Analysis – January 26th The price of USOil is currently showing weakness as it approaches the significant zone of 77.380. The Oil price opened with a sharp decline after reaching this key level, indicating the presence of sellers in the market. As a result, buyers are likely to struggle for some time. The bulls […]
After only one quarter into fiscal 2024, the federal government has accumulated a budget deficit exceeding half a trillion dollars. In December, the budget shortfall reached $129.37 billion, as reported by the latest Monthly Treasury Statement, pushing the 2024 deficit to $509.94 billion—an increase of 21 percent compared to the first quarter deficit in fiscal […]
Market Analysis – January 13th USOil consolidate as bulls make solid gains this week following a bearish purge last year. The USOil market is currently in a consolidation phase, despite the solid gains made by the bulls this week. The bulls have shown reasonable strength, but the oil market has been reluctant to break out […]
Market Analysis – January 6th USOil buyers intercept sellers, creating the potential for bullish action.The bearish course of WTI (USOil) has encountered obstacles due to a lack of significant liquidity flow. This week, buyers have seized a trading opportunity from sellers. This resulted in a quick drive from the 69.300 significant level and a revival […]
Market Analysis – December 29th USOil Price remain poised for an aggressive decline as bears maintain control. The price of oil is showing signs of continuing its aggressive decline, potentially breaking below the significant level of 71.00. The bears are staggering but still determined to break through this key level, indicating a higher likelihood of […]
Market Analysis – December 21st USOil (WTI) sellers gain momentum as buyers lose strength. The Oil price appears to be making a slight turn, with a decrease in liquidity. There also appears to be a diminishing bullish momentum that has been building up over the past few weeks. The breakdown in USOil suggests that sellers […]
