OIL Technical Analysis Technical Overview US Oil is consolidating after recovering from recent lows. RSI at 50.6 suggests neutrality, while price is testing dynamic EMA support. Support and Resistance Levels - Resistance 1: 62.50 - Resistance 2: 62.90 - Support 1: 61.70 - Support 2: 61.30 Buy Scenario A break above 62.50 could initiate further gains toward 62.90. Momentum confirmation needed with RSI rising above 55. Sell Scenario Break below 61.70 may trigger retest of 61.30. Failure of EMA support would add downside risk.