USOIL Trade Preparation – Bearish Outlook (1-Hour Time Frame)
silver OANDA: XAGUSD
USOIL Trade Preparation – Bearish Outlook (1-Hour Time Frame)
The price confirmed a strong rejection from the main resistance area, forming a triple top pattern followed by a strong bearish breakdown. The current recovery appears to be a corrective pullback, while sellers continue to maintain control.
Technical objectives:
First target: 68.610
Second goal: 67.960
Third goal: 67.084
A continued move below resistance keeps the bearish outlook intact. Trade with disciplined risk management and wait for appropriate confirmation before entering.
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