USOIL (WTI Crude Oil) daily chart showing price action analysis.
Key Observations:
Support Zone:
A strong demand zone is marked around $65-$66, which has acted as a reversal area in the past.
The price has recently bounced off this zone, indicating potential buyer interest.
Current Price Action:
Price is currently trading at $68.25.
A bullish move started from the support region, with a higher low formation suggesting potential upside momentum.
Potential Scenario:
The chart suggests a pullback before continuation to the upside.
If the support holds, $70-$72 could be the next target.
If price fails to hold above $66, further downside towards $64 may be possible.
Outlook:
Bullish Bias 📈 as long as the price remains above the demand zone.
Watch for a higher low confirmation before entering a long trade.
Breakout above $70 could signal a stronger rally.
Key Observations:
Support Zone:
A strong demand zone is marked around $65-$66, which has acted as a reversal area in the past.
The price has recently bounced off this zone, indicating potential buyer interest.
Current Price Action:
Price is currently trading at $68.25.
A bullish move started from the support region, with a higher low formation suggesting potential upside momentum.
Potential Scenario:
The chart suggests a pullback before continuation to the upside.
If the support holds, $70-$72 could be the next target.
If price fails to hold above $66, further downside towards $64 may be possible.
Outlook:
Bullish Bias 📈 as long as the price remains above the demand zone.
Watch for a higher low confirmation before entering a long trade.
Breakout above $70 could signal a stronger rally.
Trade active
USOIL hits $69.45! Buyers in control from key support - Let's see how it plays out .
Note
USOIL Hits $70! 🚀 Momentum Looking Strong – Stay Sharp & Trade Smart! ⚡️
Trade closed: target reached
🎯 Target Hit Successfully!
USOIL reached our projected level, confirming the bullish momentum from key support. 📈🔥 Strong price action suggests buyers remain in control. Now, it's time to assess the next move—whether continuation or a potential pullback.
✅ Precision in execution
✅ Solid market structure
✅ Disciplined trading approach
Stay sharp, manage risk, and let's prepare for the next opportunity! 🚀
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Disclaimer
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.