USOIL BREAKOUT ON CHANNEL INDICATING SELL-OFF

٢ مايو ٢٠٢٤

USOIL confirmed a bearish breakout on the bullish channel created under the daily timeframe today. Here I personally expect to see a strong selling back towards the bottom level of support while we have a resistance holding down the pressure on top close to $80. Here we are expecting bearish momentum to be built towards the $70-67 target region.