US Oil (WTI) Range Consolidation – Breakout Incoming?

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US Oil (WTI) Range Consolidation – Breakout Incoming?WTI CRUDE OILTVC:USOILTradesWithDexterUS WTI Crude Oil is currently trading inside a well-defined range zone on the H4 timeframe. Price is respecting both support and resistance levels, showing signs of consolidation after a strong impulsive move. 🔹 Key Resistance Zone: 97.80 – 98.50 🔹 Key Support Zone: 91.50 – 92.20 Price has tested the resistance multiple times but failed to break above, indicating liquidity buildup. At the same time, higher lows suggest bullish pressure is gradually increasing. 🧠 Trade Idea: ✅ Bullish Scenario: Break & close above 98.50 Retest → continuation towards 102.00 / 106.00 ❌ Bearish Scenario: Rejection from resistance Break below 91.50 → downside towards 88.00 / 85.50 📌 Smart Money Concept (SMC) Insight: Equal highs near resistance → liquidity zone Compression structure → breakout setup Possible BOS (Break of Structure) on breakout ⚠️ Note: Wait for confirmation (break + retest) before entry. Avoid trading inside the range.