USOIL Price Analysis: Potential Rebound from Support Zone(66.93)

The price of USOIL is currently in a correction phase, approaching the key support zone between 67.91 and 66.93, a critical level where the price has previously shown strength. If USOIL holds above this support zone, a bullish rebound towards higher levels could be imminent. A failure to break through this support could provide a solid opportunity to enter long positions with a favorable risk-to-reward setup. Keep a close watch on price action and volume for confirmation. Consider buying at the red zone if the support holds.