USOil Closes an Already Existing Gap

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 23

US Oil anticipated retest of the lower border of the pennant was dashed with a gap above the chart pattern. The price appeared above the range upon reaching the lower trendline on the 24-hour chart. The market is currently correcting to fill up the gap on the daily chart.

US Oil Key Levels

Demand Levels: 73.200, 66.000, 62.000
Supply Levels: 81.130, 89.000, 92.800

Us oil Closes an Already Existing Gap

US Oil Long-Term Trend: Bullish

The contention over US Oil prices caused the market to consolidate between the supply level of 81.130 and the demand level of 73.200. The market failed to ascend after testing the supply level of 81.130 four times. The sellers persisted in a breakout. Upon the fifth strike of the support level, a breakout was enforced.
The Bearish breakout was short-lived. The test of the supply level of 81.130 when the Stochastic indicated the market was overbought fostered the breakout. The price dived straight to the oversold demand level of 66.000. The pullback, which was anticipated to create more shorting opportunities, turned into a change of trend with a price hump over the previous high at the 81.130 resistance level.

Us oil Closes an Already Existing Gap

US  Oil Short-Term Trend: Bullish

The gap on the daily chart is well exposed in the lower timeframe. The market is currently correcting to fill up the gap on the daily chart. The price is expected to correct to 75.50 before the new bullish trend resumes.

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 *