USOIL is somewhere between penetration and repricing. Is oil price about to rise to 100?

Real question:
Is this just an imaginary breakthrough?
Or is it the beginning of a new pricing wave?

▪️ Successfully completed the breakout of the short-term downward channel.
▪️ 66.00 – 66.30 has become intraday support.
▪️64.50 is the key mid-term support.
▪️ The main resistance levels are 70.50 – 71.00.
▪️ Liquidity above 74-75 is sufficient.

Oil prices are currently in a transitional phase from accumulation to testing overhead resistance.

If the price remains above 66.50
And steadily breaks through 68.50:

🎯70.50
🎯71.00
🎯 74 – 75

Breaking 71 will turn the entire scene into an impulsive wave.

Oil by its nature does not move gradually over long periods of time…
When it starts, it accelerates.

Just fell below 64.50 clearly
We might see:

62.50
Then 61.00

This would be a retest of the larger bullish fundamentals.

🟢 Logical purchase:
66.20 – 66.60
Stop Loss: Below 64.50
Target: 70.50 → 74

🟢 Buy Momentum:
Breaking through 68.50
Target is 71+

🔴 Speculative selling only accounts for a small portion of 64.50
Target 62.50.

The oil industry’s most dangerous mistakes…
It sold off after breaking out of a short-term downtrend within a broader uptrend.

The structure now slopes upward.
The real decision was 70-71.

Waiting for a breakthrough…
Or at a support level.

Mohammad Halawani 🔱
Control Academy