USOIL Breaks Key Support: Targeting 70.50
USOIL has broken a key support zone and retested it, confirming strong bearish momentum with clear rejection candles. The previous support has now flipped to resistance, further reinforcing the likelihood of continued downside movement.With this rejection confirmed, I anticipate a move downward toward the 70.50 level, aligning with the prevailing bearish trend. This setup suggests a high probability of bearish continuation in the near term.
If you have anything to add or a different perspective, I’d love to hear from you in the comments!
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Trade closed: target reached
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