Crude Oil (USOIL) Technical Analysis
Date: February 9, 2026
Pivot Point: 63.85
The price is currently hovering around the 63.85 level. This is the decisive zone for the next market move.
📉 Bearish Scenario (Main Outlook):
As long as the price remains below the 63.85 pivot point, the downward trend prevails:
First Target: A decline toward the support level at 62.40.
Second Target: Breaking below this level will drive the price further down to 61.40.
Bullish Scenario (Alternative Outlook):
If the price manages to break above the 63.85 pivot and stabilizes, the trend will flip to bullish:
First Resistance: The target will be 64.65.
Further Gains: A breakout above this resistance will push the price toward 65.20 and potentially reach 65.95.
Key Summary:
Below 63.85: Bearish momentum dominates.
Above 63.85: Bullish reversal confirmed.
Support & Resistance Levels:
Resistance: 64.65 | 65.20 | 65.95
Support: 62.40 | 61.40
Date: February 9, 2026
Pivot Point: 63.85
The price is currently hovering around the 63.85 level. This is the decisive zone for the next market move.
📉 Bearish Scenario (Main Outlook):
As long as the price remains below the 63.85 pivot point, the downward trend prevails:
First Target: A decline toward the support level at 62.40.
Second Target: Breaking below this level will drive the price further down to 61.40.
Bullish Scenario (Alternative Outlook):
If the price manages to break above the 63.85 pivot and stabilizes, the trend will flip to bullish:
First Resistance: The target will be 64.65.
Further Gains: A breakout above this resistance will push the price toward 65.20 and potentially reach 65.95.
Key Summary:
Below 63.85: Bearish momentum dominates.
Above 63.85: Bullish reversal confirmed.
Support & Resistance Levels:
Resistance: 64.65 | 65.20 | 65.95
Support: 62.40 | 61.40
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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.