Title: USOIL Bullish Recovery from Demand Zone

477

USOIL has been trading within a strong bearish trend, highlighted by the descending channel and consistent price action below the Ichimoku Cloud. After breaking down from a consolidation range, the market continued lower until reaching a significant support/demand zone around **73.50–74.00**.

Price has recently bounced from this demand area and is attempting to build a short-term base near **76.00**. The projected path suggests a series of higher lows and higher highs, indicating a potential corrective recovery toward the next major resistance level.

The Ichimoku Cloud remains bearish overhead, so confirmation of the bullish scenario would require sustained trading above the cloud and nearby resistance levels.

### **Bullish Target**

🎯 **Target 1:** 78.00
🎯 **Target 2:** 79.20
🎯 **Final Target:** **80.55**

### **Key Support**

🛡️ **Support Zone:** 73.50 – 74.00

### **Trading Outlook**

As long as USOIL holds above the demand zone, buyers may remain in control for a corrective rally toward **80.55**. A break below **73.50** would invalidate the bullish recovery setup and could lead to a continuation of the broader downtrend.
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