π USOIL Price Forecast π
USOIL has broken down the ascending channel with a strong bearish candle, confirming a shift in momentum. The market is currently in a retracement phase, with potential to retrace to the ascending channel before resuming its downtrend toward the targets.
Selling pressure is increasing, and the price is hovering around $74.00, where an order block is present. A breakdown below the first target zone will confirm further declines.
π― Technical Target Levels:
-72.80 (First target zone)
-71.00
-70.20
-69.50 (Final target)
π Key Highlights:
- Ascending channel breakdown confirmed.
-Retracement nearing completionβprepare for the next bearish move.
-Increased selling pressure supported by strong volume.
β
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