Technical & Fundamental Analysis:
WTI Crude Oil (USOIL) has reached a strong support zone around $64.84, where buying pressure could lead to a bullish reversal. Based on the 30-minute chart, we observe key technical signals indicating a potential upside move.
Technical Analysis:
✅ Support Zone Identified: Price has tested the $64.84 - $65.00 area, showing signs of demand.
✅ Reversal Confirmation Needed: A bullish candle formation at this level could confirm a bounce.
✅ Supertrend Indicator: Price is currently below the Supertrend resistance but could flip bullish if it crosses above $66.50.
✅ Target Resistance: First key resistance is at $68.53, followed by $70.00+ if momentum continues.
Fundamental Factors:
🔹 Geopolitical Tensions & Supply Constraints – Any disruption in oil supply could trigger price increases.
🔹 OPEC+ Decisions – Market expectations regarding production cuts may impact sentiment.
🔹 USD Strength & Inflation – A weaker dollar or higher inflation data can push crude oil prices higher.
Trade Setup & Plan:
Entry: Around $65.00 - $65.50 after confirmation of reversal.
Stop Loss: Below $64.80 (to protect against further downside).
Take Profit 1: $68.50 (key resistance).
Take Profit 2: $70.00+ if bullish momentum continues.
Conclusion:
If WTI Crude Oil holds above $65.00, a bullish reversal toward $68.50 - $70.00 is likely. However, failure to hold support may lead to further downside. Keep an eye on price action and news catalysts!
Trade Wisely & Manage Risk!
WTI Crude Oil (USOIL) has reached a strong support zone around $64.84, where buying pressure could lead to a bullish reversal. Based on the 30-minute chart, we observe key technical signals indicating a potential upside move.
Technical Analysis:
✅ Support Zone Identified: Price has tested the $64.84 - $65.00 area, showing signs of demand.
✅ Reversal Confirmation Needed: A bullish candle formation at this level could confirm a bounce.
✅ Supertrend Indicator: Price is currently below the Supertrend resistance but could flip bullish if it crosses above $66.50.
✅ Target Resistance: First key resistance is at $68.53, followed by $70.00+ if momentum continues.
Fundamental Factors:
🔹 Geopolitical Tensions & Supply Constraints – Any disruption in oil supply could trigger price increases.
🔹 OPEC+ Decisions – Market expectations regarding production cuts may impact sentiment.
🔹 USD Strength & Inflation – A weaker dollar or higher inflation data can push crude oil prices higher.
Trade Setup & Plan:
Entry: Around $65.00 - $65.50 after confirmation of reversal.
Stop Loss: Below $64.80 (to protect against further downside).
Take Profit 1: $68.50 (key resistance).
Take Profit 2: $70.00+ if bullish momentum continues.
Conclusion:
If WTI Crude Oil holds above $65.00, a bullish reversal toward $68.50 - $70.00 is likely. However, failure to hold support may lead to further downside. Keep an eye on price action and news catalysts!
Trade Wisely & Manage Risk!
交易結束：目標達成
join my free Channel
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
join my free Channel
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
t.me/+Jd5ZLmsvF-FkZjg0
Telegram Contact
t.me/GoldUkExpert
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。