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 – May 24
In April, USOil (WTI) experienced a pronounced bearish shift in its market structure. After climbing to the supply zone at $87.50, the price pulled back to a critical bullish confluence region for support. However, the support from the demand level and the ascending trendline was insufficient, leading to a significant price drop. This decline has currently paused at the $76.90 demand level.
USOil Key Levels
Demand Levels: $76.90, $72.10, $69.10
Supply Levels: $87.50, $94.50, $97.69
Long-Term Trend: Bullish
The long-term trend for US Oil has been bullish since January, following the emergence of a reverse head and shoulders pattern. The Williams Smoothed Heikin Ashi candles supported a price rise to $87.50. However, upon reaching this resistance level, the Relative Strength Index (RSI) revealed the market was overbought, with the oscillator climbing above the 70 mark. This overbought condition was succeeded by daily candles dropping below the Smoothed Heikin Ashi candles, which confirmed a reversal.
A bullish confluence zone at $81.20, characterized by a bullish order block, initially provided support and halted further declines. However, this support was short-lived as the price broke through the zone, indicated by the emergence of three black crows, signaling additional bearish momentum. Consequently, the price fell to $76.90.
Short-Term Trend: Bullish
Since late April, the market has been consolidating above the $76.90 level. The RSI remains below 50, indicating a continued bearish trend. Nevertheless, a pullback to the mitigation block at $81.20 is anticipated, which could help larger market participants offset short positions against the $79.90 level.
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
