Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
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 – November 3
USOil (WTI) seeks to recharge at the 80.200 price zone. On the oil market, the bulls are on a mission to reignite their strength after a significant downturn. For the first half of November, the oil price dynamics were predominantly bearish, casting a shadow over the market. However, the buyers are gearing up for a potential surprise. They have now set their sights on challenging the selling pressure at the critical 80.200 key level.
USOil (WTI) Market Zones
Resistance Zones: 95.500, 85.800
Support Zones: 74.000, 77.730
USOil (WTI) Long Term Trend: Bullish
In October, sellers seemed to gain momentum after breaking free from a prevailing trend line. Before this, WTI had been on a bullish journey, with prices moving in an upward direction. As of last week, the buyers are making strides, closing in with gains. Despite the recent surge in buying activity, it remains plausible for the oil price to put up a fight. This will help them to regain lost ground.
The MACD (Moving Average Convergence and Divergence) indicator still hints at the potential for a further push in the selling trend. On the daily chart, the bearish tendencies are still in play. It does, however, suggest that buyers will need a strong foothold to counter the prevailing selling pressure.
USOil (WTI) Short-Term Trend: Bearish
Looking at the 4-hour chart, there’s a possibility that bears could continue their dip following a phase of price consolidation. This could pose a challenge for buyers seeking to make a comeback. A further dip below the critical 80.200 price zone is a plausible scenario that traders should be prepared for.
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
