USOIL: False Breakout and Potential Reversal
USOIL recently made a false breakout below the support area near 61.40, which suggests that sellers failed to push the price lower.
This false breakout often signals a possible bullish reversal if buyers maintain control.
Currently, the price is trading just above the support zone and seems to be building momentum for a potential rebound.
If the bullish scenario continues, the next targets to watch are:
63.40
65.00
As long as the price remains above 61.40, the bullish outlook stays valid.
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❤️
USOIL recently made a false breakout below the support area near 61.40, which suggests that sellers failed to push the price lower.
This false breakout often signals a possible bullish reversal if buyers maintain control.
Currently, the price is trading just above the support zone and seems to be building momentum for a potential rebound.
If the bullish scenario continues, the next targets to watch are:
63.40
65.00
As long as the price remains above 61.40, the bullish outlook stays valid.
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❤️
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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.