USOIL: Bulls Still in Control — Buy the Dip or Breakout?
Chronological coverage
First seen15 Sept, 13:23USOIL: Bulls Still in Control — Buy the Dip or Breakout?
Crude oil maintains a structurally bullish trend, with prices holding steady above the psychological level of $100. Recent price movements have been primarily driven by renewed concerns about Middle Eastern supply, including reports of disruptions to Saudi Arabia’s East-West Pipeline. Although the upward momentum remains strong, there are signs of overextending. Key Levels Resistance: 103.50–104.20 → 106.00–107.00 Support: 101.20–100.80 → 99.50–98.50 Major Support: 97.50 Trading Strategy: Buy on dips, avoid chasing highs. When prices are above $100, the bulls are in control; if they fall below $100, the short-term market structure will weaken significantly. TVC:USOIL CXM:USOIL IG:USOIL GBEBROKERS:USOIL PURPLETRADING:USOIL
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Latest15 Sept, 14:22Bearish still in control
ADBE remains technically bearish on the 15M timeframe. Price is trading below a descending trendline that has acted as dynamic resistance, while the overall structure continues to form lower highs. The recent sharp rejection from the 262–263 area reinforces seller control. Unless price breaks and closes decisively above the descending trendline and establishes a higher high, the trendline remains a key resistance zone and further downside continuation remains technically valid. A retest of the trendline followed by bearish rejection would provide additional confirmation of the bearish structure.
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