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USOIL: Key Levels and Trend Direction Analysis

USOIL 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
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USOIL Analysis

The price has reached the resistance line at 75.35, as mentioned in the previous analysis.

U.S. Crude Oil continues to show bullish momentum, especially if it can break above 75.35, which would open the way to targets at 76.15 and 77.90.

Key Levels:
Pivot Line: 74.20
Resistance Levels: 75.80, 76.85, 77.95
Support Levels: 72.75, 71.78, 70.50

Trend outlook:
Bullish: While above 74.20
Bearish: If breaking below 72.75


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