US Oil Experiences Losses After Taking a Fresh Breathe  

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

Market Analysis – July 16

US Oil experiences losses after taking a fresh breath. In recent times, there has been a drop in the US oil market. The buyers, who were actively involved in the market, attempted to challenge the key zone of 75.850 and managed to breach it. However, their breakout has been impeded by the sudden influx of sellers into the market.

It is worth noting that crude oil prices have been consolidating within the range of 74.850 and 65.920 since May. It, however, came following a significant drop from the 82.990 key zone. This indicates a prolonged period of indecision in the market, with neither the buyers nor the sellers being able to establish control.

US Oil Key levels

Resistance Levels: 93.040, 92.990
Support Levels: 74.859, 75.920

US Oil Long-Term Trend: Bullish

Now that a breakout has occurred and the buyers have managed to surpass the 74.850 key level. There is a possibility that the price may be retracing or returning to the consolidation phase. This retracement could either be a pullback, where the price temporarily moves against the trend before resuming its upward movement.  It could also be a false breakout, where the price initially breaks a key level but fails to sustain upward momentum. Either of the two traders should stay alert to the current developments in the US Oil market.

Given the current situation, it is advisable for traders to exercise caution and remain attentive before making any trading decisions. They should closely monitor market conditions and look for confirmation of a sustainable trend before committing to any positions.US Oil Experiences Losses After Taking a Fresh Breathe  

US Oil Short-Term Trend: Bearish

Looking at the 4-hour chart, the sellers still appear to be in control, as the buyers have lost some of their momentum and have been unable to push the market any further. The Moving Average Convergence and Divergence (MACD) signal lines are currently oscillating above the 75.850 market level, suggesting that a possible trend reversal could be in the works.

You can purchase Lucky Block here.  Buy LBLOCK

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *