Possible Support/Resistance Flip on US OIL

Updated
Looks like USOIL could very well be seeing a double break/retest of the support level, if this level holds I believe it may establish support and move up to the next major moving averages.
Note
Boom.. Solid profit already and well on our way to the TP!
Note
Price looks to be stalling out here; but could very possibly be establishing another support/resistance flip! Depending on further price action this may be another accumulation before the next leg upwards.
Chart PatternsTrend Analysis

Also on:

Disclaimer