US OIL READY TO SELL.. WEEKLY ANALYSIS

Jan 27

Hello everyone here is my Todays US OIL Market Analysis Please check and share your opinions in the comments section thanks

today on Monday 27th January 2025 US OIL Currently trading at (74.50)with a key pivot point (76.10).I am supporting the (Sell Side) today as the price remains below key levels.
The markets next movement depends on its behavior around this critical level.

Bearish Scenario: If US OIL remains below the pivot point (76.10) it will bring US OIL towards the following targets:
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00

Bullish Scenario: If US OIL breaks the pivot point (76.10) and close a 4H candle above it, this could open the path for further upside movement potentially
Resistance: Supply zone: 77.00/ 78.00
Long term Resistance: 79.00/ 80.00

Key Levels:
Pivot Point: 76.00
Target 1: 73.00
Target 2: 71.00
Target 3: 69.00
Support: 68.00
Resistance: 75.00
Supply zone: 76.00
Long term Resistance 79.00/80.00

Trend Outlook
Bearish Trend: Below 75.00 and 76.00
Bullish Trend: Above 76.00/77.00
a confirmed close in a 4H candle

If you like my analysis dont forget to like follow. and comment Thanks

Jan 27

Trade active

USOIL FALL DOWN TREND RUNNING IN 230 PIPS 74.50 FROM 72.20
TARGET 1ST ACHIVED AND WAIT FOR NOW NEXT TARGETS