Oil (3H Timeframe) – Potential Selling Strategy

Current Price: 63.14 USD

The price is approaching a key resistance zone between 65.00–66.00 USD.

The chart outlines a potential selling scenario:

Price may first rise slightly to test the resistance area.

A reversal downward is expected after rejection from resistance.


Important downside target support levels:

62.99 USD

61.70 USD

60.50 USD

59.38 USD

58.29 USD (Major support zone)



Trading Idea:

If the price shows rejection within the 65.00–66.00 resistance zone, a short (sell) position could be considered.

Main target: 58.29 USD support zone.