USOIL | 1H Analysis

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USOIL | 1H AnalysisWTI Oil FutureFX:USOILahmaddchaudhryUSOIL has shown a strong recovery after completing the previous supply move and is now approaching the Central Reversal Zone. This area is important because it sits within the broader structure where price previously experienced significant selling pressure. Our primary focus is the Central Reversal Zone. If price reaches this area and forms a BEARISH CONFIRMATION PATTERN, we can expect the market to react from this zone and potentially move back toward the supply side. Above the Central Reversal Zone, we also have a major Reversal Area, which remains the stronger area of interest if price continues higher without giving confirmation at the central zone. Projection: First, we will observe the reaction at the Central Reversal Zone. A BEARISH CONFIRMATION PATTERN would validate a potential reversal; otherwise, we will wait for price to reach the major Reversal Area.