USOIL - WTI - D1

Market Structure

Oil has been in a long-term downtrend, but the chart now shows a clear break of the descending trendline, signaling a potential trend reversal.

Price reacted strongly from the blue liquidity zone (55.18 – 57.95) — a major demand area where institutions often buy.

This zone has now formed a double bottom / accumulation structure, indicating strong bullish interest.

2. Key Zones
🔵 Demand Zone (Liquidity BUY Area)

55.18 – 57.95

Multiple liquidity sweeps below 58.00.

Strong reversal candles confirmed buyers.

This is the base for the upcoming bullish leg.

🔴 First Major Resistance / Target

65.36

Previously strong support → now resistance.

Likely first stop for the new bullish trend.

🔴 Second Target Zone (Medium-term)

70.21

Previous major swing level.

A strong resistance zone where partial profits make sense.

🔴 Final High-Probability Target Zone (Premium Supply)

75.86 – 78.00

Large supply area.

Strong reaction expected here.

Best area for large players to sell again.

3. Price Action Outlook
Main Scenario – Bullish Reversal (High Probability)

Price has broken out of the descending structure.

A clean retest or shallow pullback is expected above 58–60 USD.

Strong bullish leg toward:

✔ TP1: 65.36
✔ TP2: 70.21
✔ TP3: 75.86 – 78.00 (Major target zone)

Why bullish?

Break of trendline = momentum shift.

Liquidity sweep at major demand zone.

Multiple rejection wicks show strong buyer control.

No bearish continuation structure forming.