USOIL (WTI) Technical Analysis
Feb 16, 2026
Pivot Point: 63.30 Current Status: Price is oscillating around the pivot, which is the decisive level for the next move.
Bearish Scenario (Main Outlook):
As long as the price remains below the 63.30 pivot point, the bias remains bearish.
Target 1: 62.35 (First Support).
Target 2: 61.90 (If the first support is broken).
Bullish Scenario (Alternative Outlook):
If the price breaks above 63.30 and stabilizes, the trend will shift to bullish.
Target 1: 63.80 (First Resistance).
Target 2: 64.30 (If resistance is cleared).
Key Takeaway:
Below 63.30: Bearish trend persists.
Above 63.30: Bullish reversal confirmed.
Feb 16, 2026
Pivot Point: 63.30 Current Status: Price is oscillating around the pivot, which is the decisive level for the next move.
Bearish Scenario (Main Outlook):
As long as the price remains below the 63.30 pivot point, the bias remains bearish.
Target 1: 62.35 (First Support).
Target 2: 61.90 (If the first support is broken).
Bullish Scenario (Alternative Outlook):
If the price breaks above 63.30 and stabilizes, the trend will shift to bullish.
Target 1: 63.80 (First Resistance).
Target 2: 64.30 (If resistance is cleared).
Key Takeaway:
Below 63.30: Bearish trend persists.
Above 63.30: Bullish reversal confirmed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.