Oil (OIL/USD) – 2H Chart Analysis

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Current Price: $67.1 (-4.86%)

Trend: Attempting a bullish reversal after testing strong support.


Key Levels:

Support Zone: $66.0–$66.5 (highlighted in red)

Resistance Targets:

First target: $68.0–$69.0

Major target: $70.6



Possible Scenarios:

Bullish: If price holds above $66.3, an upward move toward $70+ is likely.

Bearish: A break below $66.0 could trigger further downside.

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