Crude Oil Analysis (USOIL): Anticipating a historical reversal from the main supply area

Crude Oil Analysis (USOIL): Anticipating a historical reversal from the main supply area

Crude Oil Analysis (USOIL): Anticipating a historical reversal from the main supply area

30 Apr 2026

by: Kadiri Radouane

Date: avril.30.2026 Current price: 108.04

Based on the attached diagram of the USOIL (US crude oil) pair on a 4-hour frame, here is a strong and detailed technical explanation for the analysis: TECHNICAL VISION OF USOIL (CRUDE OIL) PAIR 1. Completed technical model: The price is currently moving within the structure of an advanced selling harmonic model. The price is on an upward trip to complete the last rib of the model to reach the potential reversal zone. 2. Supply Zone: A green shaded area appears at the top, a strong historical display area stretching between 112.00 and 118.00 levels. This area represents a "hard wall" where the price is expected to face intense selling pressure. 3. Expected Price Behavior (Price Action): • Current upward wave: The price is trending to test the levels of 112.00. • Reversal scenario: The chart refers to the expectation of the formation of a corrective movement (in the shape of the letter M) within the supply area, which enhances the likelihood that the price will refuse to rise further and fail to break through this area. • Down target: If the reversal is confirmed, a sharp decline targeting levels that may reach the 80.00 area is expected, which represents a major price movement. 4. Technical Conclusion: Oil is now in the "search for a summit" phase. The specific reversal zone is Al-Faisal; staying below supports the violent decline scenario drawn with the black arrow, while any daily close above the level of 118.00 will eliminate this negative outlook. Trading advice: It is preferable to wait for a sell-in confirmation signal (such as a swallow candle or a long top tail) immediately after touching the shaded area before making a decision to sell.

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