USOIL 1H Analysis:WTI CRUDE OILTVC:USOILTheAlkeshUSOIL 1H Analysis: Price formed a rising channel from 87.00 (Oct 6) to 98.32 (Oct 16). Yesterday price gave a false breakout above 98.07 and failed to sustain. Current price 95.80 is trading at channel support confluence with EMA 5/30/50. Bearish Scenario (Main): Breakdown below 95.20 on 1H closing basis will confirm channel breakdown. Targets: 93.50 (200 EMA) -> 87.00 Stop Loss: 96.30 Bullish Scenario: Only if price reclaims 96.26 and closes above, we can see retest of 98.32-99.00 RSI is at 49 and losing momentum, volume decreasing on up move. Trade accordingly.