USOIL Rising Wedge Near Supply Zone | Breakout or Rejection Ahea

USOIL is trading inside a rising wedge / ascending channel on the 2H timeframe and is approaching a major supply zone around 102.50–105.00.

Price remains in bullish structure above the demand zone, but current positioning near resistance suggests a key decision point is approaching.

Bullish Scenario
Break above wedge resistance
Confirm strength above 102.50
Upside continuation toward 105.00
Bearish Scenario
Rejection from supply zone / wedge resistance
Pullback toward 97.00–93.00 demand zone
Key Levels
Demand Zone: 93.00 – 97.00
Current Resistance: 102.50
Major Supply Zone: 102.50 – 105.00

Watching for breakout or rejection confirmation before entry.

Trade with confirmation and proper risk management.