You're referring to the USOIL (West Texas Intermediate Crude Oil) futures contract!
As of my last update, the current price of USOIL is around 68.50-69.50.
Here are some key levels related to the USOIL contract:
Resistance Levels: 70.00, 72.00, 74.00 Support Levels: 66.00, 64.00, 62.00 Fibonacci Levels: 23.6% retracement of the 2020-2022 decline is around 67.40, while the 38.2% level is around 70.80 Trend Lines: The pair has been trending upwards since the March 2020 crash, with a long-term trend line around 42.00 Pivot Points: Daily pivot points: S1-67.15, R1-70.25
USOIL I feel that Crude Oil is making a fake breakdown. the current support of 67 is very critical for making a move downside. if you look at the monthly chart, you can see MACD almost near zero, which means a recovery from here can result in an upward move, unless recession hits us.
USOIL news baad me price ko satisfy karte hue banti hai price pe trading hoti hai news se sentiments ko manipulate kiya jaata hai isiliye aam aadmi kabhi kama nahi paata bottom pe darate hai aur top pe lalchate hai news readers trapped always
USOILSPOT All the big buyers are just waiting for the positive news related to the demand and supply, there is no bottom untill and unless we see a improved demand data or they cut down the supply. WAITING for a BIG BULL PUNCH .
USOILSPOT US oil need to close a 4h candle above 70 and sustain above 70 to change the brearish character to bullish. Below 70 bears are in commanding position they keep selling every pump of it.