USOIL pulls back, but Buyers still defend the uptrend

Wait 5 sec.

USOIL pulls back, but Buyers still defend the uptrendUs Crude Oil CFDFOREXCOM:USOILProfessorSingapore🎯 Trade setup: Direction: Long only after confirmation 🔻 Entry: $85.90–$86.30 🛑 Stop Loss: $84.90 🎯 Take Profit 1: $87.80 📰 News: Oil remains highly sensitive to geopolitical and supply headlines. After a strong rally, profit-taking has triggered a pullback, but the broader structure remains supported while price holds above the key moving averages. 📊 Analysis: Price has slipped below EMA 9 but remains above EMA 20, SMA 50 and SMA 200, so the broader 1H structure is still bullish. MACD remains positive, although momentum is slowing. RSI has cooled to around 56, while Stochastic RSI has moved into oversold territory. This creates conditions for a rebound, but confirmation is required. ⚠️ Not financial advice.