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.
Key Resistance Levels: $66.00, $70.00, $74.00
Key Support Levels: $48.00,$44.00,$40.00
USOIL (WTI) Long-term Trend: Bearish
USOIL is in an uptrend. The uptrend has been terminated at the $68 high. WTI fell to the low of $57 and resumed consolidation above the current support. On March 8 uptrend a retraced candle body tested the 50% Fibonacci retracement level. This implies that USOIL will rise to level 2.0 Fibonacci extension or level $76.68.
Daily Chart Indicators Reading:
USOIL (WTI) is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day and 50-day SMAs are sloping northward indicating the uptrend.
USOIL (WTI) Medium-term bias: Ranging
On the 4 hour chart, the USOIL is in a sideways trend. The market is fluctuating between levels $58 and $62. WTI price retested the resistance on three occasions but could not break it. The bears have failed to break the support level as bulls showed resistance. If bulls break the $62 resistance, WTI will rise to retest the $68 high.
4-hour Chart Indicators Reading
WTI price is above the 40% range of the daily stochastic. The market is in a bullish momentum The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.
General Outlook for USOIL (WTI)
USOIL (WTI) is presently fluctuating in a range. Today, the price is rising and approaching the resistance at $62 high. The range-bound move will continue if the bulls fail to break the resistance at level $62. According to the Fibonacci tool analysis WTI crude oil will rise to level 2.0 Fibonacci extension or the high of $76.68.
You can purchase crypto coins here: Buy Coins
Note: Learn2Trade.com 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