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OILUSD Technical Analysis: Resistance Test & Liquidity Zone

OILUSD price action remains bullish, with a clear sequence of higher highs and higher lows developing from the August low. Price has advanced along a rising structure and recently pushed toward the highlighted resistance area around 107–108. The latest candles show some hesitation below resistance, suggesting a potential short-term consolidation or rejection. The marked liquidity area near 89–90 remains an important structural zone, while the broader market structure continues to favor the upside unless key support levels are lost. A bullish scenario could remain relevant if OILUSD holds its current structure and breaks above resistance with confirmation, potentially opening room for further price discovery. Alternatively, rejection from the resistance zone could lead to a retracement toward lower liquidity areas, with the 89–90 region acting as an important reference point. Traders may wait for clear price confirmation before considering any trade. A sustained failure of the current bullish structure could shift the technical outlook toward deeper correction.