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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 : Dead
The prevailing market sentiment indicates a Bearish bias for this instrument today. Traders who expect downward movement may consider Short positions right after the price dives below the '76.8'. This breakthrough could lead to the attainment of the first target level 76.2, coupled with the second target level 75.2. Further pull might even lead the price towards 74.6 before the day gets over.
Oppositely, breaking upper the price '76.8' could indicate a potential reversal, getting traders to consider Long positions. In this format, not only may the price descend towards the first resistance level 77.8 , but it may also see 78.4. A more substantial increase towards 79.4 is also on the way to get the session over.
#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 : Europe / US
The prevailing market sentiment indicates a Bearish bias for this instrument today. Traders who expect downward movement may consider Short positions right after the price dives below the '77.3'. This breakthrough could lead to the attainment of the first target level 76.4, coupled with the second target level 74.9. Further pull might even lead the price towards 74.0 before the day gets over.
Oppositely, breaking upper the price '77.3' could indicate a potential reversal, getting traders to consider Long positions. In this format, not only may the price descend towards the first resistance level 78.8 , but it may also see 79.7. A more substantial increase towards 81.2 is also on the way to get the session over.
#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
