"USOIL Trading Setup- Resistance Test & Potential Drop Incoming?

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WTI Crude Oil (USOIL) Technical Analysis

Resistance Area Holding Strong
The price of WTI Crude Oil is currently testing the $72.36 - $73.49 resistance area. This level has acted as a strong supply zone in the past, rejecting price multiple times. A failure to break above this zone could lead to a downside move.

First Target Identified
If the price gets rejected from resistance, the first target to watch is around $69.36 - $69.82, aligning with recent price reactions and support levels.

Strong Support Zone Below
A further decline could push prices toward the $65.00 - $66.30 area, which has proven to be a strong demand zone in the past. Buyers may step in aggressively at this level.

Conclusion
Currently, WTI Crude Oil is at a key decision point. A break above resistance could trigger further upside momentum toward $79.10, while a rejection could lead to a pullback toward $69.36 - $66.30.
Traders should watch for confirmation signals before making any trading decisions.

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Transakcja zamknięta: osiągnięto wyznaczony cel

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Now price touched 66.70 , from 71.70 , 500 pips+ achieved.