USOIL Faces Rejection at the Recent High as It Revisits $87.60 Low

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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 it revisits the $87.60 low. The implication is that the selling pressure will resume retesting the current support at $87.60. The downtrend will resume when price breaks below the current support. Meanwhile, on June 22 downtrend, […]

USOIL Resumes Downward Correction as It Holds Above $90.54

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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 it holds above $90.54. WTI price is making a series of lower highs and lower lows. Each lower high is higher than the previous high. Today, the index is making a lower high of $101.87. USOIL […]

USOIL Reaches the Oversold Region as It Declines to Level $87.74

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishOn July 19, USOIL is in a downtrend as it declines to level $87.74. The downtrend will resume if the bears break below the current support at $95.38. Meanwhile, on June 22 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement. […]

USOIL Is in an Uptrend but It May Face Rejection at $111.42

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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 but it may face rejection at level 111.42. Presently, the uptrend is reaching the overbought region of the market. Sellers will emerge in the overbought region of the market. Meanwhile, on June 22 downtrend; a retraced candle […]

USOIL Is In An Overbought Region As It May Decline To $89.23

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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 it may decline to $89.23. In the meantime, the index is making an upward correction. The current uptrend may face resistance at a high of $111. Thereafter the selling pressure may resume to the downside. Meanwhile, […]

USOIL Recovers but Rallies to an Overbought Region at $108.54

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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 but rallies to overbought region at $108.54. The index fell to the low of $101.56 and resumed upward. The current downtrend has subsided as WTI reaches the high of $107.53. WTI will regain bullish momentum if price […]

USOIL Makes Positive Moves, Revisits Previous High of $129

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an upward move as it revisits previous high of $129. Since March, the bulls have been struggling to sustain above the $115 resistance level. Today, the bulls have broken the $115 resistance to reach the high of $120. […]

USOIL Trades in the Overbought Region as It Faces Rejection at $110.58

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: RangingUSOIL price is in a sideways trend since March 22 as it faces rejection at $110.58 . The index has been fluctuating between $98 and $115 price levels. Today, the upward move has reached the high of $110.61 but faces rejection at […]

USOIL Pushes to the Upside as It Struggles Below $111.15 High

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL price is in an uptrend since April 26 but struggles below $111.15 high. The index price broke above the moving averages. This is an indication that the market will rise to the upside in the bullish trend zone. Meanwhile, on April […]

USOIL Holds Above $92.96 as Bears Threaten to Break Below It

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Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: BearishUSOIL price is in a downtrend as bears threaten to break below it .The index’s price broken below the moving averages for the second time. In the previous bearish impulses, the market has been holding above the $92.96 low. Today, if the […]