(USOIL) on the 4-hour (4H) timeframe,

(USOIL) on the 4-hour (4H) timeframe, showing technical analysis and potential price movement.



Chart Details:

• Current Price: Around 69.01 - 69.07

• Technical Analysis:

• Support Zone: 68.26 - 69.18 (marked in red)

• Resistance Levels: 75.14 - 77.03 (yellow and purple zone)

• Chart Pattern: Possible double bottom or bullish reversal setup

• Expected Movement: If the support holds, price may rise towards 74-75

• Previous Resistance: Horizontal key levels and a head & shoulders pattern



Conclusion:



This chart suggests a bullish breakout possibility, especially if the price stays above 69 and moves upward. However, if it breaks below 68.26, further downside pressure could build up.