After spending weeks trading below a descending trendline, USOIL has finally shifted its character. The breakout wasn't just a quick move above resistance. Buyers defended the retest, which adds confidence to the current setup.
Instead of focusing only on the breakout, I'm watching how price behaves around the next resistance levels.
Market Snapshot
Trend: Short term bullish
Structure: Break of Structure (BOS) confirmed
Momentum: Higher lows continue to develop after the breakout.
Levels That Matter
Bullish Trigger
Hold above 85.5-86.0
Upside Targets
87.8 (first reaction zone)
93.28 (major resistance)
96.8 (next swing target)
102.8-103.8 (major supply)
Invalidation
A close back below 85.5 would weaken the bullish outlook and put the 80-83 demand zone back in focus.
My View
The trendline break has changed the short-term picture, but the real test is still ahead. If buyers can absorb selling pressure around 93.28, i
USOIL think the path toward 96.8 becomes much more likely.
For now, I'm staying bullish while price continues respecting the breakout level. The reaction around the next resistance should tell us whether this is the start of a larger trend reversal or just a relief rally.
Trade the reaction, not the prediction.
Instead of focusing only on the breakout, I'm watching how price behaves around the next resistance levels.
Market Snapshot
Trend: Short term bullish
Structure: Break of Structure (BOS) confirmed
Momentum: Higher lows continue to develop after the breakout.
Levels That Matter
Bullish Trigger
Hold above 85.5-86.0
Upside Targets
87.8 (first reaction zone)
93.28 (major resistance)
96.8 (next swing target)
102.8-103.8 (major supply)
Invalidation
A close back below 85.5 would weaken the bullish outlook and put the 80-83 demand zone back in focus.
My View
The trendline break has changed the short-term picture, but the real test is still ahead. If buyers can absorb selling pressure around 93.28, i
USOIL think the path toward 96.8 becomes much more likely.For now, I'm staying bullish while price continues respecting the breakout level. The reaction around the next resistance should tell us whether this is the start of a larger trend reversal or just a relief rally.
Trade the reaction, not the prediction.
TradingView ideas | Market analysis | Educational trading content
Not financial advice
Bitget Markets access: bitget.com/markets?channelCode=regd&vipCode=kqy7
Not financial advice
Bitget Markets access: bitget.com/markets?channelCode=regd&vipCode=kqy7
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
TradingView ideas | Market analysis | Educational trading content
Not financial advice
Bitget Markets access: bitget.com/markets?channelCode=regd&vipCode=kqy7
Not financial advice
Bitget Markets access: bitget.com/markets?channelCode=regd&vipCode=kqy7
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.