USOIL Bearish Momentum - Will It Reach 64.40?

5 days ago

USOIL has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook.

With momentum favoring the downside, the next logical target is 64.40, aligning with the prevailing bearish trend. As long as the price remains below the resistance zone, the bearish bias stays intact.

If you have anything to add or a different perspective, I’d love to hear from you in the comments!

5 days ago

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