USOIL: Breakdown Toward $73–$70 Before the Next Major ReactionWTI Oil FutureFX:USOILTheCryptoHareUSOIL is starting to show weakness after spending weeks compressing inside a broad corrective structure. Price has now broken below the rising trendline support that was holding the move together, and that shifts the short-term bias bearish unless buyers reclaim the breakdown zone quickly. The key area I’m watching is the $73.20–$70.75 demand zone. This level lines up with the prior breakout/base area before the aggressive March expansion, making it a logical liquidity and reaction zone. My expectation is simple: Price continues lower toward $73–$70, sweeps liquidity, then attempts a reaction bounce from that zone. If that area holds, USOIL could begin another leg higher. If it fails cleanly, then the broader structure opens the door for a deeper move back toward the mid-$60s. Key levels: Resistance: $97.15, $109.76, $119.42 Current breakdown zone: $91–$93 Main downside target: $73.20–$70.75 Invalidation for bears: Strong reclaim above the broken trendline and $97 area For now, I’m treating this as a controlled breakdown into a major demand zone, not a full collapse yet. The reaction at $73–$70 will decide whether this becomes a larger bearish reversal or just another liquidity sweep before continuation.