USOIL is exhibiting a weak oscillatory downward trend today. Despite a slight rebound yesterday, affected by bearish news and technical pressure, the intraday upside momentum remains insufficient, with bearish momentum gradually emerging. Overall, it shows a sluggish pattern of a quick pullback after the rebound.
For the upside, focus on the short-term resistance zone of $59.5 - $60.5 per barrel, among which $59.5 per barrel can be regarded as a key watershed. On the downside, closely monitor the support range of $57.0 - $57.5 per barrel. If this zone is effectively broken down, the price may further decline to around $56 per barrel.
Sell 59 - 59.7
SL 60.1
TP 57.5 - 57 - 56.5
For the upside, focus on the short-term resistance zone of $59.5 - $60.5 per barrel, among which $59.5 per barrel can be regarded as a key watershed. On the downside, closely monitor the support range of $57.0 - $57.5 per barrel. If this zone is effectively broken down, the price may further decline to around $56 per barrel.
Sell 59 - 59.7
SL 60.1
TP 57.5 - 57 - 56.5
Trade active
On the downside, closely monitor the support range of $57.0 - $57.5 per barrel. 
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My Daily Signal Sharing Group: t.me/+95GeiYAt80A4NTVk
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.