US CRUDE OIL (WTI): Bearish Outlook Explained
The USOIL price dropped below a strong horizontal support level last week and closed below it.
After breaking this support, upon retesting the broken structure, the market started to consolidate.
A bearish breakout of the consolidation range's support area confirms a strong bearish trend, increasing the likelihood of a continued decline.
The target price is set at 67.20.
After breaking this support, upon retesting the broken structure, the market started to consolidate.
A bearish breakout of the consolidation range's support area confirms a strong bearish trend, increasing the likelihood of a continued decline.
The target price is set at 67.20.
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