Overall, US Crude Oil remains in a bullish trend. As long as the price continues to trade above the 94.80 level, it is expected to push higher toward 98.90 and subsequently 101.30.
However, if the price drops and confirms a 1-hour candle close below 94.80, a deeper correction will be triggered, targeting 93.00 and then 91.80.
Resistance Levels: 98.90 – 101.30
Support Levels: 93.00 – 91.80
Trade active
USOIL / Technical Analysis UpdateThe price has surged by 330+ pips ✅.
As highlighted in our previous analysis, the overall trend remains bullish toward the resistance line, with the price successfully reaching the target level of 98.90.
Holding above this resistance level will sustain the upward momentum toward 101.30.
Resistance Level: 101.30
Support Level: 94.80
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.