US Oil Finally Fills up Inefficient Regions

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

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
Checkmark

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

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

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

Checkmark

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

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

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

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – April 28

US Oil gapped above the previous high in anticipation of a retest to resume the bearish trend. The market has corrected to fill the gap. The price action is currently being observed to determine if Crude Oil will resume its bearish trend.

US Oil Key Levels

Demand Levels: 66.000, 62.000, 64.000
Supply Levels: 81.130, 89.000, 97.800
US Oil Finally Fills up Inefficient Regions

Crude oil Long-term Trend: Bullish

The Crude Oil market was stuck within the resistance level of 81.130 and the support level of 73.200. The last test of the resistance trendline at 81.130 significant zone was at the overbought level, leading to a bearish breakout. After five failed attempts, which included a false breakout, the market dived freely from the overbought region to the. 66.00 demand level.
 
The pullback to retest 73.20 was dashed as the price gapped up above the previous resistance level. The market has experienced a correction to fill up the gap where the price was inefficiently traded. 
US Oil Finally Fills up Inefficient Regions

CRUDE Oil Short-Term Trend: Bearish

So much attention is paid to the 73.20 key level. The break of the significant level on the downward side means a resumption of the downward trend. The Parabolic SAR ( Stop and Reverse) indicator is already resting above the candles on the higher timeframe (24-hour chart) and the lower timeframe (four-hour chart), signaling a price decline.
 
You can purchase Lucky Block here.  Buy LBLOCK

Note: Learn2.trade 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
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

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 *