USOIL Daily Analysis: Bullish Reversal from Key Support

23 mar

USOIL (WTI Crude Oil) daily chart showing price action analysis.

Key Observations:
Support Zone:

A strong demand zone is marked around $65-$66, which has acted as a reversal area in the past.

The price has recently bounced off this zone, indicating potential buyer interest.

Current Price Action:

Price is currently trading at $68.25.

A bullish move started from the support region, with a higher low formation suggesting potential upside momentum.

Potential Scenario:

The chart suggests a pullback before continuation to the upside.

If the support holds, $70-$72 could be the next target.

If price fails to hold above $66, further downside towards $64 may be possible.

Outlook:
Bullish Bias 📈 as long as the price remains above the demand zone.

Watch for a higher low confirmation before entering a long trade.

Breakout above $70 could signal a stronger rally.

24 mar

Trade attivo

USOIL hits $69.45! Buyers in control from key support - Let's see how it plays out .

26 mar

Nota

USOIL Hits $70! 🚀 Momentum Looking Strong – Stay Sharp & Trade Smart! ⚡️

1 apr

Trade chiuso: obiettivo raggiunto

🎯 Target Hit Successfully!

USOIL reached our projected level, confirming the bullish momentum from key support. 📈🔥 Strong price action suggests buyers remain in control. Now, it's time to assess the next move—whether continuation or a potential pullback.

✅ Precision in execution
✅ Solid market structure
✅ Disciplined trading approach

Stay sharp, manage risk, and let's prepare for the next opportunity! 🚀