USOIL: Is WTI rebounding or still trapped in a downtrend?

WTI is trying to stabilize after a volatile week driven by two opposite forces. On the bullish side, oil remains supported by uncertainty around the Strait of Hormuz and broader Middle East supply risks. Any disruption risk can quickly bring buyers back into crude.

On the bearish side, the latest EIA data showed a 2.5M barrel build in U.S. crude inventories, while the market is also watching potential OPEC+ supply increases. This limits the upside and keeps WTI vulnerable if geopolitical risk cools down.
Indicators

On the 1H chart, USOIL is recovering from the lower part of the descending channel and trading around the $76-$77 area. Price is above the short-term EMA structure, but still below the larger descending trendline and the 200 SMA, so the broader structure remains bearish.

RSI is recovering from the lower zone and is now near neutral. Stoch RSI is turning up from oversold, suggesting a short-term bounce attempt. MACD is still weak, but the bearish histogram is fading, which means downside momentum is slowing.

If WTI holds above $75.50-$75.00 and breaks above $77.50-$78.00, price could retest $80.00, then the descending trendline near $81.00-$82.00.
If price fails near $77.50-$78.00, sellers may push it back toward $75.00-$74.00.
If USOIL breaks below $74.00, the downtrend may resume toward $72.00-$71.00.

⚠️ Not financial advice.