USOIL Bullish Recovery From Demand Zone

Mar 12

On the 1H timeframe of USOIL, price previously moved inside a **bearish descending channel**, showing strong selling pressure. However, the market found solid support at the **major demand zone near 80**, where buyers stepped in and triggered a strong bullish reaction.

After breaking out of the bearish channel, price started forming **higher lows**, indicating a potential shift in momentum. The Ichimoku cloud is beginning to support the bullish structure, suggesting that the market may continue pushing upward.

Currently, price is consolidating around the **92–94 region**, and if bullish momentum continues, the next move is expected toward the key resistance level.

**Target:**
🎯 **Primary Target:** **104.00**

Mar 12

Trade active

trade active active

Mar 19

Trade closed: target reached

my given target is almost achieved