Market Analysis – September 1 US Oil (WTI) buyers could take a breather. Over the week, the bulls in the US Oil WTI market have maintained a serious liquidity purge. This surge in liquidity has favored the bulls, allowing them to exert their influence on the market. However, there are signs that the buyers may […]
Market Analysis – August 25 US oil (WTI) looks for more bullish momentum. The market needs more attention from bullish participants to expand its momentum. The buyers have been attempting to regain the previously lost bullish pace in the market. Although US oil experienced a significant dip earlier this week, the bulls need to strengthen […]
Market Analysis – August 4th US Oil (WTI) buyers aim for a breakout above the 83.440 key zone. The buyers are focused on achieving a breakout above the significant zone at 83.440. Their determination to push for a breakthrough remains strong. While there has been progress in price, an additional effort is required to surpass […]
Market Analysis – July 21 US oil (WTI) flirts above the 74.220 market level as buyers prepare to bounce off it. Oil traders have seen a volatile market for the past two months. The market started strong in May, with prices rising from 83.370 to nearly 84.000. However, by the end of June, sellers had […]
US Oil Analysis – Buyers Seeks Out Price Expansion US Oil pushes for more gains despite consolidation. The bulls have maintained a positive price tendency throughout this week, leading to the possibility of a breakout beyond 74.530. Despite this potential, any reduction in buyers’ buying strength could mean the Crude Oil market is set to […]
US Oil Analysis – Price Remains in a Consolidation Phase US Oil makes gain in the phase of consolidation. The Oil market has been in a period of consolidation since November 2022. A sharp sell-off sent prices from the 92.650 key zone down to the 74.480 key zone. Following that sell-off, the US Oil market […]
Market Analysis – May 12 The crude Oil market has offered a sell-side delivery of the bullish swing, which originated from the demand level of 66.000 to the supply zone of 83.370. The market price is currently on a free fall, aiming to sweep the previous low of 64.000. US Oil Key Levels Demand Levels: […]
Market Analysis – March 31st US Oil broke the supporting trendline on the 13th of March. The Bearish displacement delivered from 81.130 to 66.00. The market is currently experiencing a retracement after the impulsive move. US Oil Key Levels: Demand Levels: 73.20, 66.00, 62.00Supply Levels: 81.10, 89.00, 92.80 Oil Long-Term Trend: Bearish The tussle over […]
Crude Oil has experienced a bearish breakout from a pennant on the daily chart. The market has retested the lower border after bouncing off the 66.00 support level. Crude Oil Key Levels Demand Levels: 70.20, 66.00, 62.00Supply Levels:83.20, 89.00, 92.80 Crude Oil Long-Term Trend: Bearish Crude Oil formed a giant double-top pattern from September to […]
