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Usoil analysis 4h (read caption)

Short
EASYMARKETS:OILUSD   WTI Crude (OIL) / US Dollar
Hello trader' what do you think about usoil

1. **Initial Analysis**: You mentioned a strong buy signal for Usoil to reach higher highs, but it has since broken and rejected the area around 79.90 and 80.00.

2. **Resistance and Support Zones**: Currently, you're observing the market testing resistance zones at 79.80 and 80.20. If these levels hold, the market may experience a pullback towards support zones at 75.60 and 74.70.

3. **Stop Loss Level**: It's important to set a stop loss to manage risk. You suggested a stop loss at 81.50 to limit potential losses if the market moves against the anticipated direction.

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