USOIL is in a critical zoneHello,
USOIL is currently at a major support level that has held for the past 2 months. There are two possible scenarios: either the support holds and USOIL bounces back toward the resistance at $66, or the support breaks and the price moves down to the next level at $60,
Ibrouri Abdessamad
Buy Setup on 15-Min ChartCrude oil is currently holding above the key support near 62.26 and showing signs of reversal after a strong rejection from the lows.
📌 Entry Zone: 62.35 – 62.50
🎯 Target: 62.95
🛑 Stop Loss: 62.26
🔎 Analysis:
Price respected support and formed a bullish rejection wick, indicating buying pressure.
Bulls are quietly taking controlCrude Oil CMP 63.70
Elliott - crude oil has taken support at the ivth wave marked in grey at 58.
Fib - after taking support at the confluence at 55 it is now taking support above the higher confluence at 62. This is now indicating strength.
Oscillators - RSI at bull support is indicating tr
WTI Crude Oil Descending Triangle Pattern
WTI is forming a Descending Triangle pattern near recent support.
📊 Technicals : Flat base with lower highs compressing price action.
🔎 Key Levels: Breakdown below support 65 Leads To bearish continuation;
bounce above resistance 71 Leads To reversal setup.
⚠ Risk View: Energy fundamentals rem
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Displays a symbol's price movements over previous years to identify recurring trends.