Crude Oil (USOIL) Price Forecast 🛢️:
Current Analysis:
- The market is in a continuation of a downward channel.
- A symmetrical triangle pattern has formed, suggesting a period of consolidation and uncertainty.
- The price is currently testing the resistance level at 73.35.
Forecast:
- If the symmetrical triangle pattern breaks down, it could indicate a strong bearish signal.
- Anticipating a breakdown, the next target is set at 68.10.
Traders, keep a close eye on the price action, especially around the resistance level. Confirmations of the breakdown could offer potential trading opportunities in the direction of the prevailing trend. As always, exercise caution and implement risk management strategies. Happy trading! 📉💹 #CrudeOil #USOIL #PriceForecast