USOIL (25/03/22) - Sessions Startup
1. Prices fluctuating inside the testing zone and around the VWAP at in-flex volume (6.2k). They are still keeping their performance inside boundaries of three days regression channel in slow uptrend direction.
2. Liquidity is limited within the major (red) resistance zone which requires some patience before buying decisions. Today, prices lost approximate 4.15% in the previous 12 hrs since maximum price increase when they hit $116.44.
3. RSI indicator is still moving towards the overselling zone where bulls will start being active and pull up the prices again.
4. Prices are getting support from EMA100 and resistance from EMA50 and EMA20 respectively. Bulls must pass both EMAs for continuous price improvement.
5. At the moment, supporting level @ 110.6x and resistance level (first target) below 113.7x.
6. Prices stability over 112.4x at least three successive hourly sessions keep the hope to hit the first target, increase liquidity, and may reach the upper level of major resistance zone.
2. Liquidity is limited within the major (red) resistance zone which requires some patience before buying decisions. Today, prices lost approximate 4.15% in the previous 12 hrs since maximum price increase when they hit $116.44.
3. RSI indicator is still moving towards the overselling zone where bulls will start being active and pull up the prices again.
4. Prices are getting support from EMA100 and resistance from EMA50 and EMA20 respectively. Bulls must pass both EMAs for continuous price improvement.
5. At the moment, supporting level @ 110.6x and resistance level (first target) below 113.7x.
6. Prices stability over 112.4x at least three successive hourly sessions keep the hope to hit the first target, increase liquidity, and may reach the upper level of major resistance zone.
Penafian
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