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USOIL Chart on the hourtly time frame

US crude oil prices have witnessed a strong rise over the recent period, supported by the break of previous resistance areas and the establishment of new price highs. However, the price is now facing strong resistance near the $74.30 level, an area forming a double top that may hinder the continuation of the upward trend in the short term. 

•  Nearby support: $70.60, then $68.80.
•  Immediate resistance: $74.30.
• Technical indicators: The MACD is showing signs of weakening upward momentum, supporting the possibility of a downward correction.

 Expectation: 
If the support at 70.60 is broken, we may witness a deeper correction towards 68.80. However, if the 74.30 level is breached, purchasing power will be renewed.

USTEC chart on the hourly time frame The index is trading within a descending channel on the hourly timeframe, having failed to break the drawn downtrend line, reflecting continued selling pressure. Key resistance: 21,965–22,050 points.  Nearby support: 21,532 points. Technical indicators: The MACD indicator has turned negative again, indicating a potential continuation of the decline.  Expectation:  As long as trading remains below the downtrend line, the outlook remains negative, with a possible retest of the 21,532 support level. If broken, the decline could extend towards 21,200 points.