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USOIL (WTI) Continues Bullish Run but Reaches the Overbought Region

Key Resistance Levels: $80.00, $84.00, $88.00Key Support Levels: $66.00,$62.00,$58.00 USOIL (WTI) Long-term Trend: BullishUSOIL is in an upward move. Today, the index has risen to $84.15 despite the overbought condition of WTI. This recent uptrend becomes stronger after the breakout at level $76. Today, the candlesticks have strong buying pressure indicating that the current trend […]

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USOIL (WTI) Regains Bullish Momentum, May Retest Previous High of $76

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 uptrend was interrupted at the high of level $76. USOIL was compelled to resume a downward move. The downtrend has ended at level 2.618 Fibonacci extension or level $62. The market has since resumed upward. WTI’s […]

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