Could A Pennant Confirm New ATH For USOIL??WTI CRUDE OILTVC:USOILNovi_FibonacciHere we have USOIL on the Daily forming a Pennant Pattern, and this could be pointing to potentially new All Time Highs if price is able to break Resistance, let's break it down! Currently USOIL trades around $93 but since March, has been Consolidating between a Falling Resistance and Rising Support and this is leading price to trade into a Pressure Point! Now, based on prior trend, if this Pennant pattern delivers a Bullish Breakout, we can expect that price could make an extension equal to that of the move it made before falling into Consolidation, marked as the "Flagpole" which was a 117% Rally or $64.50 increase in price from December 2025 - March 2026. That extension would take USOIL to new All Time Highs past the currently ATH of $147.27 set back in July 2008! Fundamentally, this kind of move would be supported if war efforts keep going, a ceasefire fails to take hold or if a conflict with the Strait of Hormuz continues; which by what we are seeing in the news, may not be too farfetched of a situation. Stay Vigilant!