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CFD Analysis OIL (Price Action)
The CFD Analysis OIL across these four distinct time frames is meticulously generated by our Dedicated AI System, a proprietary creation of the Frustrader Team. Any unauthorized copying, sharing, or posting of this content is strictly prohibited, unless explicit permission has been granted and proper attribution to the source is provided for the end-user.
Intraday
Daily
Weekly
Monthly
CFDTechnical Levels
Intraday Session : Middle
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '76.8'. This confirmation could lead to the achievement of the first target 76.2 before following the second target price 75.2. There is a possibility for the price to decline further and reach 74.6 before the end of today's market session.
Nonetheless, if the price breaks above the '76.8', it may indicate a potential shift in momentum, leading to a Long position. Traders should exercise caution as the price could rise towards the first resistance level 77.8 and potentially test 78.4. A stronger increase towards 79.4 is also possible before the end of today's trading session.
#Intraday #WTI #CFDTechnical Levels
Note: This part is being updated using Frustrader AI Integration. WTI has no update for this session
CFDTechnical Analysis
Daily Session : Late US
Anticipations indicate a Bearish bias for this currency pair today. Traders looking to benefit from this downward momentum may consider Short positions if the price falls below the '77.3'. Once this level is breached, the first target 76.4 becomes attainable, followed by the second target 74.9. Furthermore, it is even possible for the price to decline towards 74.0 before the end of today's market session.
Nonetheless, a breakthrough above the '77.3' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 78.8 and perhaps test 79.7. A more substantial increase towards 81.2 is also possible before the market closes today.
#Daily #WTI #CFDTechnical Analysis
Note: This part is being updated using Frustrader AI Integration. WTI has no update for this session
CFDTechnical Outlook
Weekly Session : Friday
The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '79.8'. This confirmation could lead to the achievement of the first target 77.4 before following the second target price 76.1. There is a possibility for the price to decline further and reach 73.6 before the end of today's market session.
Nonetheless, if the price breaks above the '79.8', it may indicate a potential shift in momentum, leading to a Long position. Traders should exercise caution as the price could rise towards the first resistance level 81.1 and potentially test 83.5. A stronger increase towards 84.8 is also possible before the end of today's trading session.
#Weekly #WTI #CFDTechnical Outlook
Note: This part is being updated using Frustrader AI Integration. WTI has no update for this session
CFDTechnical Review
Monthly Session : 4th Week
This currency pair is showing signs of a Bearish trend today. Traders considering Short positions may do so if the price drops below the '78.7'. This breakdown could pave the way towards the first target level 75.0 and potentially extend to 68.7. Further downside momentum might even pull the price towards 65.1 before this session ends.
In contrary, breaking above the price '78.7' may indicate a shift in sentiment, convincing traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 85.0 and possibly further to 88.7. A higher rise towards 94.9 is also probable before before we call it a day.
#Monthly #WTI #CFDTechnical Review
