I?ve been analyzing USOUSD and wanted to share a neutral view.
There seems to be a short-term bullish push developing on the daily timeframe, which could extend towards the $109 level.
However, the broader structure, especially on the weekly chart, still suggests potential downside if the current bearish pressure holds into the close. In that case, a move towards $85 cannot be ruled out.
For now, I see this as a possible short-term recovery within a wider bearish context. Its fine if i get it wrong, I love learning from my mistakes and check what I missed and even if there's loss is still part of the process. Set Sl and also using Wetsay Vip protection on bitget will help reduce it so tight but then, i am very interested to hear how the rest of you are seeing oil and are interpreting this structure.
Linkback: https://www.forex.zone/technical/11/oil-will-go-below-dollar95/5070/
