USOIL Today's analysisUSOIL is at 68.335. Technically, I'm bearish short - term.
The strong resistance at 69.000 has repeatedly blocked upward moves. Heavy selling occurs near this level, making it a firm price cap.
There are two key supports. 67.000 has halted drops before. If breached, 66.30, a crucial level from past down - trends, comes into play.
With the price below 69.000, facing downward pressure and bearish sentiment, USOIL may decline soon. There's no strong bullish factor to push it higher. The downward - sloping momentum and proximity to supports suggest a downward path. Traders should be cautious and might consider short - term short positions, with risk control, as the price may test 67.000 first, then 66.300 if the bearish trend persists.
💎💎💎 USOIL 💎💎💎
🎁 Sell@68.500 - 69.000
🎁 TP 67.000 - 66.300
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