This analysis focuses on the price movement of crude oil (USOIL) over the 4-hour time frame, and here is its summary: Support Zone: The analysis identifies a strong support zone (green rectangle) at $60-70 levels, which is an area of interest for buyers. Technical model: The chart shows a technical pattern that resembles “double peaks” or a sharp corrective movement after a strong rise, indicating that the price has reached levels that are considered attractive to buy based on technical analysis. Forecasts: The analyst predicts an upward rebound from this region (which is currently in contact with the price) to a target resistance level of 96.96. Note: This analysis is based on the expectation of the price rebound from the support, but in the trading world, there is no certainty; if the price breaks this green area down, this scenario may be canceled. Would you like to know more about how to deal with these types of support and resistance zones?