USOIL - Bearish Trend
Generally, the direction is a downtrend
Downtrend Side: The oil price tested the key resistance level of $68.64 and subsequently retraced lower, supporting expectations for a continued bearish trend. A break below the $67.84 level would open the way for a move toward the $66.96 level, which represents the next main target at 65.40.
Uptrend Side: However, a break above $68.64 would halt the anticipated decline and could lead the price to initiate recovery attempts, targeting the $70.75 region, potentially extending to $71.78 before any further downward movement.
Tendency Keys: 66.96
Downtrend Side: The oil price tested the key resistance level of $68.64 and subsequently retraced lower, supporting expectations for a continued bearish trend. A break below the $67.84 level would open the way for a move toward the $66.96 level, which represents the next main target at 65.40.
Uptrend Side: However, a break above $68.64 would halt the anticipated decline and could lead the price to initiate recovery attempts, targeting the $70.75 region, potentially extending to $71.78 before any further downward movement.
Tendency Keys: 66.96
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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