Hi Traders, here we are on another market breakdown on USOIL (Crude Oil). Crude Oil previously had a strong crash, on the technical side, I believe it's because of the extreme over-stretched condition. 76.30 area remains a strong resistance zone, long-term I am optimistic on USOIL, but short-term I do expect some rotation or choppiness.
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If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.