USOIL Analysis โ€“ Key Support Zone in Play

123
๐Ÿ”ฅ #! ๐Ÿ”ฅ
๐Ÿ“‰ Heavy Selling Pressure Since January
Crude oil has been under strong bearish pressure for months and is now hovering near its major support zone of $65-$67.
๐Ÿ“Œ Why This Zone Matters?
This level has acted as a strong support 4-5 times in the past ๐Ÿ“Š
Holding firm for the last 2 years โณ
High probability of recovery from this zone
๐Ÿ’ฐ Positional Buy Setup:
โœ… Buy around current levels ๐Ÿ“
โœ… Stop-loss: Below $64.50 (Daily close) ๐Ÿšจ
โœ… Target 1: $70 ๐ŸŽฏ
โœ… Target 2: $72 ๐Ÿš€
โš ๏ธ Risk Warning: USOIL is highly volatile, making it risky for conservative traders. If you prefer safety, it's best to stay out of this trade.
๐Ÿ“Š Trade with caution and proper risk management! ๐Ÿ“ˆ๐Ÿ”ฅ

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.