CFDs on WTI Crude Oil
Short

USOIL / Descending Parallel Channel...

306
USOIL Analysis

Bullish Scenario: A break and close above the pivot line at 70.50 could drive prices toward 71.78 and potentially higher levels at 72.74.

Bearish Scenario: Stability below 70.50 will drop to 68.53 and if breaks that will continue dropping toward 67.03.

Key Levels:
Pivot Line: 69.80
Resistance Levels: 70.49, 71.78, 72.74
Support Levels: 68.53, 67.03, 65.85

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.