USOIL - ANALYSIS

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👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of WTI Crude Oil (U.S. Oil) with you.

Looking at the WTI Crude Oil chart, we are currently in a 6-month price range, and right now, we're at the lower boundary of this range. I have two scenarios for oil:

Bullish Scenario: We might see a price increase from here towards 85.30 on the higher timeframes.

Bearish Scenario: If we close below 61.70 on the monthly timeframe, I expect a significant decline in price towards 41.62.

📉 Expectation:

Bullish Scenario: Price may rise to 85.30.

Bearish Scenario: If price closes below 61.70, expect a decline to 41.62.

💡 Key Levels to Watch:
Support: 61.70
Resistance: 85.30

💬 What are your thoughts on WTI Crude Oil this week? Let me know in the comments!

Trade safe

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