USOil (WTI) Market Analysis – May 31 USOil price experienced a notable bearish breakout, breaching the bullish trendline that had provided support for long orders at the beginning of May. Since this breakout, prices have oscillated within a narrow range, forming a consolidation pattern on the daily chart. USOil (WTI) Key Levels Demand Levels: 76.00, […]
Market Analysis – May 24 In April, USOil (WTI) experienced a pronounced bearish shift in its market structure. After climbing to the supply zone at $87.50, the price pulled back to a critical bullish confluence region for support. However, the support from the demand level and the ascending trendline was insufficient, leading to a significant […]
Market Analysis – May 10 The USOil market has undergone a notable bearish reversal as the daily chart depicts. This reversal became apparent after failing to breach the resistance level of 87.520 in April, marking a pivotal juncture in market dynamics. Notably, the most recent breach of the demand level at 81.160 has paved the […]
Market Analysis – April 13th USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely […]
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 […]
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 […]
