$USOIL sitting right on the 20-week MA again — same spot as four weeks back. This is an inflection point.
Decisive weekly close above? Opens the door to $100.
Rejection here? Could slide below $70.
Watch how this week closes. Oil at a crossroads, and the next move matters for risk-on/risk-off across the board — crypto included. If energy breaks higher, it usually means macro heat is building. If it rolls over, that's deflationary pressure.
Simple setup: above the MA = bullish continuation, below = downside follow-through. No middle ground here.
Decisive weekly close above? Opens the door to $100.
Rejection here? Could slide below $70.
Watch how this week closes. Oil at a crossroads, and the next move matters for risk-on/risk-off across the board — crypto included. If energy breaks higher, it usually means macro heat is building. If it rolls over, that's deflationary pressure.
Simple setup: above the MA = bullish continuation, below = downside follow-through. No middle ground here.