USOIL Trading Idea Key Levels Tested No Fly Zone Defined

For the past several weeks USOIL has been compressing around a critical structure level creating a slow tightening range that now sits at the center of a major decision point. Price has repeatedly tested 58.47 to 58.74 which has acted as the battlefield between buyers and sellers. This zone is highlighted in red on the chart the No Fly Zone because any setup taken inside it lacks clear directional advantage. We have been waiting for clean price action outside this zone before committing to either bias.

Bullish Key Levels Upside Scenario
A break and daily close above the upper boundary of the No Fly Zone 58.74 would open the path toward the next key levels

61.55 first major reaction zone previously rejected price with force
67.45 structural target where prior rallies topped out
69.13 full extension bullish target and the top of the measured move

These levels form the broader upside structure we have mapped for weeks. If bulls reclaim 5874 convincingly the momentum window toward 61.55 becomes extremely attractive with higher targets following if energy markets continue stabilizing.

No Fly Zone Indecision Structure
58.47 to 58.74
This is where price has consolidated for weeks. Trading inside this zone means no momentum edge no clear liquidity exit and unreliable follow through. This is the zone where traders get trapped on both sides which is why we intentionally avoided taking new positions until price committed.

Bearish Levels Downside Scenario
If price rejects the No Fly Zone from above and closes below 5847 bearish continuation becomes highly probable. Our next downside structural level is

49.57 major demand zone and the full downside extension of the current structure

The green area on the chart illustrates the asymmetric opportunity on a break beneath 58.47 targeting the deeper liquidity pool around 49.57.

This setup becomes especially compelling because repeated rejections at the red zone show that sellers have been defending this level aggressively.

Trade Summary
Bull Bias Above 58.74 Targets 61.55 then 67.45 then 69.13
Bear Bias Below 58.47 Target 49.57
No Trades Inside 58.47 to 58.74 the No Fly Zone

This framework has allowed us to remain patient while price compresses. Now as USOIL tests the lower boundary again we are watching closely for either a decisive breakdown or a sharp reversal back into bullish structure.

The next daily close should reveal the true direction.