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USOIL is weakening on the H4 timeframe after failing at the $102.5–$105.0 per barrel supply zone and breaking below the key support area around $95 per barrel. Price is currently trading around $90 per barrel, below the H4 EMA, while the RSI near 37 indicates that bearish momentum remains in place. If the $88–$89 per barrel zone holds, price could see a technical rebound; otherwise, a break below $88 could extend selling pressure toward the $79–$81 per barrel area.
On the H4 timeframe, USOIL is showing a clearly weakening structure after price failed at the supply zone around $102.5–$105.0 per barrel and broke below the key support area near $95 per barrel. The fact that price could not remain inside the previous ascending channel suggests that buying momentum has weakened, while selling pressure continues to dominate in the short term.
USOIL is showing clear signs of weakness and is currently trading around $90. The $88–$89 per barrel zone will be the nearest support to watch, while a break below this area could open the door for a deeper decline toward the strong demand zone around $79–$81 per barrel.
Currently, price is trading around $90 per barrel, below the H4 EMA near $92.45, while the H4 RSI is around 37, indicating that bearish momentum is still present but has not yet reached a deeply oversold condition. The $88.0–$89.0 per barrel area is acting as the nearest support, aligning with a zone where price reacted previously. If this area continues to hold, USOIL may see a technical rebound toward the $92.5–$94.0 per barrel range.
However, the short-term trend remains biased to the downside as long as price cannot reclaim the $94.5–$95.0 per barrel resistance area. If USOIL breaks clearly below $88 per barrel, selling pressure could extend toward the strong demand zone around $79.0–$81.0 per barrel. Conversely, to improve the structure, price needs to recover and close back above $95 per barrel; in that case, the next target could be the $97.5–$100 per barrel area.
28.05.2026
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.
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