🔍 USOIL Technical Analysis – 8H Chart Overview
🟩 Bullish Breakout Confirmed
Price has broken above a key consolidation zone and is now trading above the prior resistance, which has flipped into a support level around the $71.50-$72.00 zone.
🛠 Technical Structure
▫️ Demand Zone: $61.00-$64.00 zone successfully held, igniting bullish momentum.
▫️ Breakout Confirmation: Strong rally from the consolidation area, supported by increasing volume.
▫️ Resistance Turned Support: Previous resistance has now become a valid support base, supporting continuation.
🎯 Outlook
As long as price holds above the new support, a continued move toward the major resistance/target zone at $78-$80 remains likely. A minor pullback into the $71-$72 zone could offer a potential long entry.
✅ Bias: Bullish
📌 Next Target: $78.00 - $80.00
🛡 Key Support: $71.00 - $72.00
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
🟩 Bullish Breakout Confirmed
Price has broken above a key consolidation zone and is now trading above the prior resistance, which has flipped into a support level around the $71.50-$72.00 zone.
🛠 Technical Structure
▫️ Demand Zone: $61.00-$64.00 zone successfully held, igniting bullish momentum.
▫️ Breakout Confirmation: Strong rally from the consolidation area, supported by increasing volume.
▫️ Resistance Turned Support: Previous resistance has now become a valid support base, supporting continuation.
🎯 Outlook
As long as price holds above the new support, a continued move toward the major resistance/target zone at $78-$80 remains likely. A minor pullback into the $71-$72 zone could offer a potential long entry.
✅ Bias: Bullish
📌 Next Target: $78.00 - $80.00
🛡 Key Support: $71.00 - $72.00
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。