CFDs on WTI Crude Oil
Short
Updated

SELL TREND is starting in USOIL market (For more read captions).

πŸ“‰ USOIL Price Forecast πŸ“‰

USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets.

Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines.

🎯 Technical Target Levels:
-72.80 (First target zone)
-71.00
-70.20
-69.50 (Final target)


πŸ“Œ Key Highlights:
- Ascending channel breakdown confirmed.
-Retracement nearing completionβ€”prepare for the next bearish move.
-Increased selling pressure supported by strong volume.
βœ… Stay Ahead and Profitable!

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