USOIL READY TO BULLISHπ USOIL Analysis: Ready for a Bullish Move
USOIL is showing signs of bullish potential with a buy zone around 74.80. Here's the technical breakdown:
π Key Levels to Watch
Entry Zone: 74.80
Technical Targets:
First Target: 76.90
Second Target: 78.60
π Resistance Zone
75.70: Key resistance to break for confirmation of the bullish move.
π Support Zone
73.80: Strong support zone where buyers could step in if the price pulls back.
π‘ Trading Insights
Scenario 1: A sustained move above 75.70 will confirm bullish momentum toward 76.90 and potentially 78.60.
Scenario 2: A pullback to 73.80 could offer another opportunity for buyers to enter the market.