Market Analysis – August 22
USOil is setting up for a bullish recovery above key supports. The daily chart indicates momentum leaning toward a bullish rebound, supported by technical indicators. The 9-day Simple Moving Average at $63.10 has turned into dynamic support, with price holding above it after the recent bounce. The Stochastic Oscillator is climbing from oversold territory, currently at 43.58 and 30.89, suggesting strengthening bullish momentum and room for further upside. This alignment between moving averages and oscillators supports the case for continued upward movement.
USOil Key Levels
Resistance Levels: $65.30, $72.20, $80.70
Support Levels: $61.50, $55.20, $52.00
USOil Long-Term Trend: Bullish
USOil recently rebounded from the $61.50–$62.80 zone, showing strong buyer interest at this level. The rebound confirms the zone as a valid order block, with price now advancing toward the $65.30 resistance. A decisive close above $65.30 would shift short-term structure firmly bullish and open the path to higher targets. Historical reactions show this zone has acted as both resistance and support, reinforcing its importance in the current setup.
Looking ahead, the bullish trajectory is expected to extend toward $72.20, the next significant resistance. A successful breach of $65.30 would confirm continuation of the upward momentum. If buyers maintain control, the $70.50 intermediate level may act as a minor hurdle before $72.20 comes into play. Overall, the technical structure suggests USOil is setting up for a bullish drive with $72.20 as the primary target, while the outlook remains positive as long as price holds above $61.50.
USOil Short-Term Trend: Bullish
On the four-hour chart, USOil shows price rebounding strongly from the $61.50–$62.80 zone, signaling renewed buyer activity. The 9-period SMA at $63.40 is acting as dynamic support, with price trading above it and maintaining steady bullish momentum.
The Stochastic Oscillator is currently overbought at 90.76 and 87.75, suggesting potential short-term consolidation before continuation. Overall, a sustained move above $65.30 would confirm bullish strength and open the path toward $70.50. For traders, monitoring forex signals in line with this technical setup may provide timely opportunities for entry.
Make money without lifting your fingers: Start using a world-class auto trading solution
How To Buy Lucky Block
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again

Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated

Get Alerts
Immediate alerts to your email and mobile phone.

Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.