
Uniglobe Markets
June 20, 2025 at 08:02 AM
*Oil Technical Overview*
USOil has shown strong upward structure but is currently consolidating below 75.00 resistance. The short-term EMAs are flattening and RSI is neutral at 43.23, suggesting indecision at current levels.
Support and Resistance Levels
Resistance: 74.80, 75.50
Support: 72.90, 71.60
Buy Scenario
Break above 74.80 with bullish volume can initiate a push toward 75.50.
Sell Scenario
A drop below 72.90 with strong bearish candles could target 71.60, especially if RSI dips below 40.
