Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. The current uptrend reached the high of $67.50 and was resisted. This has been the price action since March 8. Each time USOIL is resisted, the market will fall either to $58 or $60 low. Presently, WTI […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in a sideways trend below the resistance at $67. Today, WTI crude oil is rising from the low of $62. On May 18, the USOIL price retested the $67 resistance zone and it fell to $62 support. This has been […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an uptrend. WTI price has risen to level $66 but could not continue with the uptrend. The market is retesting the resistance level of March 8. Since March 8 that level has not been broken. Meanwhile, on February 24 […]
US Oil rallied in the short term and now is located at 66.51 versus 66.17 yesterday’s high. The price of oil opened with a gap up today signaling strong buyers. It remains to see how the price will react in the coming hours as the rate has reached a strong resistance area. The outlook is […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL has resumed an upward move. WTI is falling after retesting the high of $65. The USOIL has rebounded above $61 as price reached the high of $65 before its downward move. The upward move has been ongoing above the $57 support. […]
US Oil (WTI) has decreased a little but the correction seems over after failing to take out the immediate downside obstacles. The major uptrend is still intact, that’s why we could see further growth. The US is to release the Crude Oil Inventories later today. The indicator is expected to drop again in the negative […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: BullishUSOIL has been in an upward move. The upward move is facing rejection at the recent high. On April 20, the first uptrend was resisted at the high of $64. Today, buyers are pushing on the upside. If the bulls break the […]
Key Support: 62.60 – 62.00 Key Resistance: 64.00 – 66.00 – 68.00 Crude Oil has been really bullish since the lockdowns rules have eased around the world. With higher demand for petroleum based products and OPEC output cuts to level the oil markets and sustain prices we have seen a big rally from the pandemic […]
Key Resistance Levels: $66.00, $70.00, $74.00Key Support Levels: $48.00,$44.00,$40.00 USOIL (WTI) Long-term Trend: RangingUSOIL is in a sideways move. For the past three days, the crude oil has been in an upward movement. The upward move is facing resistance at the recent high. WTI price is above the moving averages which suggests a possible rise […]
