Crude Oil WTI

Crude Oil met its target in the 77.20-40 range before a quick corrective drop. The chart indicates a support zone around 73.25-74.00, which may encourage another advance toward 77.20-40 and possibly 78.80. A drop below 73.00 could…
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As we mentioned last week, Crude Oil broke above the 72.50 resistance level, meeting the target of 74.00 and higher. The current advance remains intact, with support at 72.00 expected to maintain strength for further gains toward…
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Last week, crude prices rose in anticipation of the weekend. Volatility rose quickly, hitting the highest level since the October 7 attack last year. But since trading started with the new week, the situation has been a bit anticlimactic,…
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Crude Oil broke above the 72.50 resistance level yesterday and reached the 74.00 target. As seen on the chart, Oil continues its upward momentum, with support at 72.00 likely to sustain the advance toward the 77.20-40 or 78.80 resistance…
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Crude Oil WTI (USOIL) holding ground Crude Oil WTI rallied as geo-political tensions heightened. A surge above the psychological level of 70.00 continues to fuel the bullish impetus, putting the price on its way to breaking 73.50. The…
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Crude Oil managed to hit the target of 70.90 and added more advance while still holding below the resistance 71.50-72.50. As we see over the Intraday chart, if prices hold below 72.50, another drop will be expected toward 63.90-64.75.…
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Despite rising tensions in the Middle East, crude prices are still lower than they were a month ago. Sure, there has been a rebound since the September 10 bottom, but it's remarkable how crude prices are struggling in the current…
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USOIL bounces from multi-month low WTI price keeps the comeback going after bouncing from multi-month lows. On the chart, a new high above 71.00 has put the commodity back on track and could lead to a broader recovery, with the…
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Crude Oil managed to hit 70.90 and added more advance while still holding below the resistance 71.50. As we see over the Intraday chart, if prices remain below 71.50 another drop back will be expected toward the 63.90-64.75 zone. Above…
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