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 […]
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 an upward correction as it regains bullish momentum. As WTI breaks above the 21-day line SMA, the bullish momentum will extend to the 50-day line SMA. Nonetheless, on September 29 uptrend; a retraced candle body tested the 50% Fibonacci […]
EURCHF Buyers seize control of the marketEURCHF Analysis – October 4EURCHF Buyers have seized control of the market. This is yet another attempt by the buyers to bring the price back up to a respectable key level. This is not the first time trying to pump the market. However, this attempt seems different simply because […]
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 downtrend as sellers push WTI to $76 low. The current price level has pushed WTI to the oversold region of the market. The bearish trend is likely to subside. On September 14, buyers attempted to keep the price […]
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 downtrend as sellers attempt to break below the $81 support. On September 14, buyers attempted to keep the price above the 21-day line SMA but were repelled. The implication is that WTI will continue to fall. It is […]
Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL has fallen significantly as it embarks on a fresh downtrend. Since June, the WTI price has been making a series of lower highs and lower lows. Today, USOIL is making an upward correction but the uptrend is stuck at the 21-day […]
