USOIL Analysis- Bearish Outlook
Crude oil is once again testing the resistance zone near $65.00, a level that has been rejected multiple times in the past. Sellers seem to remain strong at this area, keeping the price from breaking higher.
Currently, the chart suggests a possible pullback from resistance. If the bearish move continues, the first target is around $63.10, followed by the lower support area at $61.80.
As long as the price stays below $65.00, the short-term outlook remains bearish.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Crude oil is once again testing the resistance zone near $65.00, a level that has been rejected multiple times in the past. Sellers seem to remain strong at this area, keeping the price from breaking higher.
Currently, the chart suggests a possible pullback from resistance. If the bearish move continues, the first target is around $63.10, followed by the lower support area at $61.80.
As long as the price stays below $65.00, the short-term outlook remains bearish.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
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.