The pros' next week analysis and strategy for crude oil

Market Analysis: Crude Oil Price Signal Bearish Acceleration

Crude oil prices declined steadily below the $80.00 support and moved into a bearish zone.

Important Takeaways for Oil Prices Analysis Today
Crude oil prices extended downsides below the $78.00 support zone.
A major bearish trend line is forming with resistance near $78.00 on the hourly chart of XTI/USD at FXOpen.

Oil Price Technical Analysis
On the hourly chart of WTI Crude Oil at FXOpen, the price struggled to continue higher above $80.00 against the US Dollar. The price formed a short-term top and started a fresh decline below $78.00.

There was a steady decline below the $77.40 pivot level. The bears even pushed the price below $76.50 and the 50-hour simple moving average. Finally, the price tested the $76.30 zone. The recent swing low was formed near $76.31, and the price is now consolidating losses.

Immediate support is near the $76.30 level. The next major support on the WTI crude oil chart is near $75.00. If there is a downside break, the price might decline toward $73.50. Any more losses may perhaps open the doors for a move toward the $72.00 support zone.

On the upside, immediate resistance is near the 23.6% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $76.80.

The next resistance is near the 50-hour simple moving average and the 50% Fib retracement level of the downward move from the $78.52 swing high to the $76.31 low at $77.40. The main resistance is near a trend line at $78.00.

A clear move above the trend line resistance could send the price toward $79.05. The next key resistance is near $79.90. If the price climbs further higher, it could face resistance near $81.20. Any more gains might send the price toward the $82.00 level.

Trade active:

Hello, friends, this week we completed a huge profit according to the plan, if you are still trading independently, or do not know how to trade, you can contact me, no matter how much money you have, you can get my help, do not hesitate, please seize the opportunity!

Trade active:

Friends, hello, this week the market is very volatile, many friends because they can not control the risk, resulting in their account losses, or locked, I have also seen a lot of blind trading in this week friends burned their accounts. You should know that opportunity and risk coexist, control the risk first, then control the profit. If you are currently losing money, or your account is locked, or you are a new trader, you can contact me. No matter what problem you have, no matter how much money you have, you can always get my help!

Trade active:

The purpose of our trading is to make money, brothers. Not everyone has a correct analysis of the market. Contact me and I can help you.

Trade active:

Have a good weekend, friends. If your trading is not going well please contact me and I will help you double your profits in a week.

Trade active:

Every time I write an analysis, I hope my friends will learn something. In this market, beneath the surface of calm, there are actually rough waters. Many friends enter easily, but often scarred. Many friends come to me for help every day. But more importantly, after reading the analysis, you can quickly find the next article to continue reading. I hope I can help more people, just like my own positioning for this job is service. People are mutual, trust is the beginning of cooperation. If your current account is losing money, or your account is locked, no matter how much money you have, if you are on your way to trading, if you are confused, please contact me. I will help you!

Trade active:

We will update the internal accurate profit signals every day, if you are currently trading losses, or you are a new trader, you can look at the bottom, there will be what you need

Trade active:

If you continue to lose money trading independently. Or the current situation continues to lose money, or the profit is not ideal. Or if you are a new trader, you can contact me.
We have a live trading signal update every day. Not to miss

Trade active:

Hello, trader.
The journey of trading in the market is a challenging and rewarding adventure. We start each day with market research and chart analysis. This week, thanks to a sound strategy and good risk management, we have made substantial profits. On Friday afternoon, when the market closed, people were filled with satisfaction and pride that the hard work had paid off.

With profits in hand, this weekend we can relax and enjoy life, from picnicking with family to enjoying delicious meals. Taking a break will help you recharge your batteries and mentally prepare for the new trading week. Trading is not just about profit, it is also about maturity, patience and the ability to adapt in a turbulent world

If your current account is losing money, or your account is locked, or you are a new trader, you can contact me, no matter how much money you have, you can get my help!

Trade active:

Friends, hello, this week the market is very volatile, many friends because they can not control the risk, resulting in their account losses, or locked, I have also seen a lot of blind trading in this week friends burned their accounts. You should know that opportunity and risk coexist, control the risk first, then control the profit. If you are currently losing money, or your account is locked, or you are a new trader, you can contact me. No matter what problem you have, no matter how much money you have, you can always get my help!

Trade active:

The purpose of our trading is to make money, brothers. Not everyone has a correct analysis of the market. Contact me and I can help you.

Trade active:

We will update the internal accurate profit signals every day, if you are currently trading losses, or you are a new trader, you can look at the bottom, there will be what you need

Trade active:

Have a good weekend, friends. If your trading is not going well please contact me and I will help you double your profits in a week.

Trade active:

Every time I write an analysis, I hope my friends will learn something. In this market, beneath the surface of calm, there are actually rough waters. Many friends enter easily, but often scarred. Many friends come to me for help every day. But more importantly, after reading the analysis, you can quickly find the next article to continue reading. I hope I can help more people, just like my own positioning for this job is service. People are mutual, trust is the beginning of cooperation. If your current account is losing money, or your account is locked, no matter how much money you have, if you are on your way to trading, if you are confused, please contact me. I will help you!

Trade active:

Have a good weekend, friends. If your trading is not going well please contact me and I will help you double your profits in a week.

Trade active:

Hello, friends, next week's profit plan has been done, if you need more signals, please contact me, let us make money together, together waves!

Trade active:

Friends, hello, this week the market is very volatile, many friends because they can not control the risk, resulting in their account losses, or locked, I have also seen a lot of blind trading in this week friends burned their accounts. You should know that opportunity and risk coexist, control the risk first, then control the profit. If you are currently losing money, or your account is locked, or you are a new trader, you can contact me. No matter what problem you have, no matter how much money you have, you can always get my help!

Trade active:

A new week has arrived, have you made a profit plan? If you are still trading independently, then you may as well contact me, because the risk of trading alone is too great, we will have a lot of accurate signals every day, do not hesitate, let us make money together, waves together

Trade active:

Hello, traders, we exceeded our profit last week, the new week has started, the profit plan has been completed, if you need the latest internal profit signal, do not hesitate to contact me, I will help you!

Trade active:

We will update the internal accurate profit signals every day, if you are currently trading losses, or you are a new trader, you can look at the bottom, there will be what you need