USOIL / Bearish confirmation toward 79.49

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Technical Analysis: USOIL

Current Outlook:
The price is expected to touch 80.70 and then consolidate between 80.70 and 81.70 until a breakout occurs.

Bullish Scenario:
For a bullish trend to be established, the price should reverse and stabilize above 82.27, targeting 82.25 and 84.14. There is also a possibility of a bullish retest up to 81.70.

Bearish Scenario:
As long as the price trades below 81.70, it will likely drop to 79.50. The price needs to break below 80.70 to confirm the bearish trend, ideally closing a 1-hour candle under this level.

Key Levels:
- Pivot Line: 81.22
- Support Levels: 79.49, 77.94, 75.35
- Resistance Levels: 81.72, 82.24, 84.14

Today's Expected Range:
The price is anticipated to move between the support at 79.49 and the resistance at 82.15.

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أغلقت الصفقة: تم الوصول للهدف

The price will reach our second target which is 77.94and then will do some correction
stability under 77.94 means will support falling toward 75.35

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ملاحظة

Next outlook :
still running to get 75.35 and then should stabilize under it to be more bearish till 72.75, otherwise stability above it means will try to get 75.00