USO Bearish Outlook: Sell Opportunity as Momentum Shifts Current Resistance Zone: The price is currently testing a strong resistance zone around the $83 level. in the past, this level has been a turning point for price movements.
Potential Reversal: The chart suggests a possible rejection from the resistance zone, with a projected short-term correction to approximately $78.82 .
Key Levels:
-Resistance: $82.75–$83.25.
-Support: $78.82 (highlighted as target).
Scenario: After testing the resistance zone, a pullback towards $78.82 is expected, aligning with previous price behavior. A confirmed break above $83 would invalidate this bearish outlook.
Note: Always combine technical levels with broader market context and risk management.
