#CrudeOil #USOil Higher Time Frame #H4 Analysis

#CrudeOil #USOil Higher Time Frame #H4 Analysis 🛢️📉

Currently, #USOil is under significant selling pressure, with prices likely heading towards the 65-63.50 zone. This area is critical, as it previously acted as a strong support during past crises, pushing prices higher. 🔄

🔹 Bullish Scenario: If prices tap into this zone and show a quick rejection, we’ll look for confirmation to plan our buys. This area could once again trigger an upward bounce. 📈

🔻 Bearish Scenario: However, if the 63.50 level fails to hold and we see a fully bearish #H4 candle close below it, we’ll prepare for a significant correction. A breakdown could open doors for a massive drop, potentially driving prices down to the 55-56 range. 💥

Stay sharp and ready to react based on price action around this crucial zone! ⚠️