USOIL / Descending Parallel Channel...

USOIL Analysis

Bullish Scenario: A break and close above the pivot line at 70.50 could drive prices toward 71.78 and potentially higher levels at 72.74.

Bearish Scenario: Stability below 70.50 will drop to 68.53 and if breaks that will continue dropping toward 67.03.

Key Levels:
Pivot Line: 69.80
Resistance Levels: 70.49, 71.78, 72.74
Support Levels: 68.53, 67.03, 65.85
Support and ResistanceTrend AnalysisTrend Lines

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