"USOIL Breakout Alert: From Consolidation to Acceleration''

🔍 USOIL Technical Analysis – 8H Chart Overview

🟩 Bullish Breakout Confirmed

Price has broken above a key consolidation zone and is now trading above the prior resistance, which has flipped into a support level around the $71.50-$72.00 zone.

🛠 Technical Structure

▫️ Demand Zone: $61.00-$64.00 zone successfully held, igniting bullish momentum.
▫️ Breakout Confirmation: Strong rally from the consolidation area, supported by increasing volume.
▫️ Resistance Turned Support: Previous resistance has now become a valid support base, supporting continuation.

🎯 Outlook

As long as price holds above the new support, a continued move toward the major resistance/target zone at $78-$80 remains likely. A minor pullback into the $71-$72 zone could offer a potential long entry.

✅ Bias: Bullish

📌 Next Target: $78.00 - $80.00

🛡 Key Support: $71.00 - $72.00

🔹Community Insight:

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