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USOIL continues to trade in an uptrend on the H4 timeframe, forming higher highs and higher lows after rebounding from the $70 area. Price has broken above the $100 level and established a recent high around 106.5–107 before pulling back to 103. Both EMA50 and EMA100 continue to support the bullish structure. In the near term, the $100 level remains critical: holding above it may allow a retest of 106–107, while a breakdown could open the way toward 95–96 or even deeper to 91–92.
On the H4 timeframe, USOIL is forming a clear bullish structure, with higher highs and higher lows developing after rebounding from the 70–70.5 USD area.
USOIL maintains a bullish structure on the H4 timeframe while holding above EMA50 and EMA100; however, the $100 level will be decisive in determining whether the uptrend continues or a deeper correction unfolds.
After breaking above the 100 USD per barrel level, price extended its upward move and established a recent high around 106.5–107 before pulling back to the 103 USD area at the moment. This price action suggests that the uptrend remains intact, although short-term momentum has started to slow following the recent rally.
Currently, price is holding above both the EMA50 and EMA100, with the EMA50 acting as dynamic support in the short term, reinforcing the medium-term bullish structure.
However, the area around 100 USD has become a key level to watch. This is not only a major psychological level but also a former resistance zone that has now turned into support after the breakout. If price can sustain above this level, the uptrend is likely to remain supported, with potential to retest the 106–107 zone and possibly extend to new highs.
On the other hand, if price falls below the 100 USD level, the short-term bullish structure may weaken, opening the door for a deeper pullback toward the next support zones around 95–96 USD (near the EMA50), and potentially further down toward the 91–92 USD area.
31.3.2026
USOIL (WTI)
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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