USOIL Market Outlook – Key Levels and Scenarios

📌 Market Structure
🔹 Key Support Zone (~64.50 - 65.30 USD)

The price has tested this area multiple times, highlighted by the red dashed line at the bottom.
A pronounced lower wick suggests a possible exhaustion of bearish pressure.

🔹 Intermediate Resistance (~68.20 - 70.00 USD)

The price has reacted to this zone, which appears to be a former support turned resistance.
Caution is needed for potential rejections in this range.

🔹 Liquidity and Wider Supply Zone (~75.00 - 80.00 USD)

This area, marked with red/purple gradients, represents a selling zone with a high concentration of orders.
The price could be drawn to this level if the bullish phase continues.

📉 Bearish Scenario

Failure to break above 68.20 - 70.00 USD could lead to a retest of 64.50 - 65.30 USD.
A breakdown below this level could open the way toward 62.40 - 60.00 USD.

📈 Bullish Scenario

A weekly close above 68.20 - 70.00 USD could trigger a recovery toward 75.00 - 77.00 USD.
A breakout above 80.00 USD would invalidate the long-term bearish structure.

🔎 Conclusion:

The price is currently at a critical stage around 68 USD, with potential for a pullback.
Monitoring the reaction between 65.30 - 68.20 USD will be key in determining the next direction.
Volume and macroeconomic factors (OPEC, oil inventories, Fed policies) will be crucial in confirming the trend.