WTI Crude Oil (USOIL)
The latest trend analysis for WTI Crude Oil (USOIL) shows a slight decrease in its price to $81.76, reflecting a drop of 0.61%. The day's trading ranged between $80.73 and $82.90. Over recent trading sessions, the price has shown volatility with analysts citing geopolitical uncertainties and market speculations as influential factors.
Currently, market sentiment on USOIL is mixed, with some potential upward movements targeting resistance areas around $88.00, driven by continued demand and market dynamics. Others anticipate a bearish scenario, expecting a downward trend if support levels are breached, with targets around $81.35.
Overall, the crude oil market remains highly sensitive to global economic conditions, geopolitical events, and changes in supply and demand dynamics. Traders and investors are advised to watch for key technical levels and global economic indicators that might impact oil prices.
Pivot line: 80.80
resistance line: 84.13 & 86.86 & 92.16
Support Line: 78.65 & 75.65 & 72.80
The expected trading range for today is between support 78.65 and Resistance 84.13
The latest trend analysis for WTI Crude Oil (USOIL) shows a slight decrease in its price to $81.76, reflecting a drop of 0.61%. The day's trading ranged between $80.73 and $82.90. Over recent trading sessions, the price has shown volatility with analysts citing geopolitical uncertainties and market speculations as influential factors.
Currently, market sentiment on USOIL is mixed, with some potential upward movements targeting resistance areas around $88.00, driven by continued demand and market dynamics. Others anticipate a bearish scenario, expecting a downward trend if support levels are breached, with targets around $81.35.
Overall, the crude oil market remains highly sensitive to global economic conditions, geopolitical events, and changes in supply and demand dynamics. Traders and investors are advised to watch for key technical levels and global economic indicators that might impact oil prices.
Pivot line: 80.80
resistance line: 84.13 & 86.86 & 92.16
Support Line: 78.65 & 75.65 & 72.80
The expected trading range for today is between support 78.65 and Resistance 84.13
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~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
