USOIL Bearish Continuation Targets Major Demand Zone
WTI Crude Oil (USOIL) remains under strong selling pressure after breaking below the previous consolidation range and confirming a bearish continuation. The breakdown from the highlighted distribution zone, along with price trading below the Ichimoku cloud, indicates that sellers remain firmly in control.
The current structure favors a move toward the major demand zone around **74.00**, which is marked as the next downside target. As long as price remains below the **76.50–78.30** resistance area, the bearish outlook remains valid. A strong reaction from the demand zone could trigger a temporary rebound, but the overall short-term trend stays bearish unless resistance is reclaimed.
**🎯 Target:** **74.00 USD**
**🛡️ Key Resistance:** **76.50–78.30 USD**
**📉 Bias:** **Bearish**