WTI Crude Oil (USOIL) Technical Analysis – Daily Chart
Price is currently trading around $67.48, testing a key demand zone (Point of Interest) in the $65.50–$67.20 range. This area has acted as strong support in the past, making it a potential reversal zone.
A bullish reaction from this level could push prices toward the $72.60–$72.72 resistance area (Target Area). A breakout above this zone may trigger further upside momentum.
However, a breakdown below $65.50 could invalidate the bullish setup, leading to extended losses.
Key Levels:
- Support: $67.20, $65.50
- Resistance: $72.60, $72.72
Outlook: Bullish bias if support holds, but caution is warranted below $65.50.
Price is currently trading around $67.48, testing a key demand zone (Point of Interest) in the $65.50–$67.20 range. This area has acted as strong support in the past, making it a potential reversal zone.
A bullish reaction from this level could push prices toward the $72.60–$72.72 resistance area (Target Area). A breakout above this zone may trigger further upside momentum.
However, a breakdown below $65.50 could invalidate the bullish setup, leading to extended losses.
Key Levels:
- Support: $67.20, $65.50
- Resistance: $72.60, $72.72
Outlook: Bullish bias if support holds, but caution is warranted below $65.50.
Trade active
Note
Congratulation guys, trade running 80 pips+ profits.Note
Guys, after SL hunting you can take re-entry once again from 66.50 with SL 64.50, Targets ahead.Trade closed: stop reached
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🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
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🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.