USOIL: Key Levels and Trend Direction AnalysisUSOIL Analysis
The price has stabilized above the pivot line and closed the daily candle above it, indicating a continuation of the bullish trend gradually toward 75.35. A retest of 72.75 is possible before pushing up again.
On the other hand, a 4-hour candle closing below 72.74 would confirm a bearish trend, targeting 71.78.
Key Levels:
Pivot Line: 73.40
Resistance Levels: 74.40, 75.35, 76.10
Support Levels: 72.74, 71.78, 70.50
Trend outlook:
Bullish: While above 72.75
Bearish: If 72.74 is broken