USOIL has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook.With momentum favoring the downside, the next logical target is 64.40, aligning with the prevailing bearish trend. As long as the price remains below the resistance zone, the bearish bias stays intact.
If you have anything to add or a different perspective, I’d love to hear from you in the comments!
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🟢 FREE Trading Signals: t.me/danielmtrading
🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI
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🔥 Best BROKER - Get 20% Deposit BONUS - bit.ly/41UtANI
🔥 Best Crypto Exchange - Get 45% Deposit BONUS bit.ly/43MybTA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.