WTI OIL Recent fractal calls for a buy towards $70.50.WTI Oil (USOIL) is on the 3rd straight green 1D candle following a Double Bottom bounce on the 61.50 Support. At the same time the 1D RSI formed Higher Lows, which is a Bullish Divergence.
The same set of conditions emerged on the May 05 bottom rebound, which resulted into initially a 1D MA50 (blue
CRUDE OIL (WTI): Strong Bearish Pressure
WTI Crude Oil is under a strong bearish pressure after
US CPI release today.
A bearish breakout of a support line of a flag pattern
in a clear intraday downtrend on a 4H time frame leaves
a strong confirmation.
I think that the price will reach 62.0 level soon.
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Market Analysis: WTI Crude Oil StrugglesMarket Analysis: WTI Crude Oil Struggles
Crude oil is showing bearish signs and might decline below $62.25.
Important Takeaways for WTI Crude Oil Price Analysis Today
- Crude oil price failed to clear the $65.60 region and started a fresh decline.
- There is a short-term bullish trend line fo
“WTI Crude Oil: Rebound Setup with $95 Target Ahead?”WTI Crude Oil Analysis 🛢️
Price is holding strong around the $59–62 support zone.
A breakout above the $70 trendline could open the way to $95–96.
🔹 Fundamentals: OPEC+ supply discipline, global demand recovery, and USD weakness could support the move.
⚠️ Risks: global slowdown, stronger USD, unex
Oil at the crossroads - buy zone or bear trap?Technically , WTI is testing the lower boundary of a converging wedge, hovering around the identified buy zone. Holding above 62–63 is critical for bulls, as a breakdown would expose targets at 61.30 and 58.80. Conversely, a rebound from current levels could trigger a move toward 70.50 and even 77.6
USOIL Is Very Bullish! Buy!
Here is our detailed technical review for USOIL.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 62.543.
Taking into consideration the structure & trend analysis, I believe that the market wil
Oil Analysis: Testing Lows Before a Bounce?Price remains below key resistance levels and the monthly Point of Control (POC). I think within the next week, we could see the lows taken out, which would then be followed by a bounce.
The key question is whether the wave (ii) correction (red scenario) is complete, or if we are poised for another
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Displays a symbol's price movements over previous years to identify recurring trends.