USOIL - NEGATIVE STEP

Generally, the direction is a downtrend

Uptrend Side: To be an uptrend, the price needs positive momentum to stabilize above 69.96, then cross 71.78 to start the uptrending toward 73.59.

Downtrend Side: As long as the trade remains below 69.96, it is likely to move within a negative trend, particularly if it breaks the support level at 68.64. A break below this level could lead to further declines, potentially reaching 66.96 and 65.47.

Tendency Keys: 68.64
Chart PatternsHarmonic PatternsTrend Analysis

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