USOIL on the 4H timeframe is currently trading inside a well-respected symmetrical triangle pattern, showing clear compression between descending resistance and ascending support.
Price is now approaching a critical support zone near 95, where buyers may step in for a potential bullish continuation. The current structure suggests that a fake breakdown followed by a strong breakout above resistance could trigger an impulsive bullish move.
Price is now approaching a critical support zone near 95, where buyers may step in for a potential bullish continuation. The current structure suggests that a fake breakdown followed by a strong breakout above resistance could trigger an impulsive bullish move.
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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.