USOil Bulls Exhibit Uncertainty in Strength 

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Market Analysis – April 13th

USOil bulls exhibit uncertainty in strength. The bulls in the market are currently exhibiting uncertainty as the oil price faces a slump and sellers cut back to the 85.000 significant level. This uncertainty indicates a potential shift in market dynamics and a battle between buyers and sellers. Traders should closely monitor the market for any signs of a reversal or a continuation of the bearish sentiment.

USOil Key Levels

Resistance Levels: 88.000, $85.000
Support Levels: $76.700, $71.380

USOil (WTI) Long Term Trend: Bullish

Despite the recent slump, the bulls have experienced solid appreciation since February, riding from the 71.800 significant level. However, the oil market has had its fair share of ups and downs, with sellers trying to interfere along the way. This indicates a constant struggle between buyers and sellers for control of the market. 
 
Above the 76.760 significant level, the market consolidated before continuing its upward movement. This consolidation phase indicates a temporary pause in the market and a potential accumulation of prices.
 
The buyers in the USOIL market have faced a challenge in reaching the 80.000 key level. Despite their efforts, price accumulation occurred before they could break through. This indicates a potential resistance level and a temporary setback for the buyers. 
 
Due to mounting selling pressure, the buyers have been unable to break through the 88.000 market zone. This indicates a potential shift in control from the buyers to the sellers. However, it is worth noting the resilience of the buyers, as they are still holding up despite the selling pressure. 
 
The recent drop in price action has weakened the bullish momentum in the USOIL market. This indicates a potential loss of strength and a temporary setback for the buyers. 

USOil (WTI) Long Term Trend: Bearish

Currently, the USOIL market is in a battle between a slip below the 85.000 key zone or a push towards the 88.000 price zone. Traders should closely monitor the market for any signs of a breakout or a rejection at these key levels. The moving average indicator is still swinging in balance, indicating that there is no clear indication of a reversal yet in the market.

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