Bulish oil WTI

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✅ Overall Market Structure:

After a steady bullish trend, price has experienced a sharp drop and is now reacting to a demand zone around 64.955. The recent price action suggests signs of potential stabilization and a possible bullish reversal.


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🟩 Key Levels:

Major Support Zone:
The area between 64.00 – 65.00 acts as a strong demand zone, which has shown prior reactions.

Resistance / Target Levels:

67.398 (first resistance and short-term target)

69.231 (mid-level resistance)

72.879 (main target if bullish momentum continues)




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📈 Bullish Scenario (Most Probable Based on Current Chart):

After touching the demand zone, price seems to be forming a potential bottom. If a strong bullish candlestick appears (such as a bullish engulfing or hammer), we can expect a corrective or impulsive move to the upside.

🔸 Suggested Stop-Loss: Below 63.80
🔸 Target 1: 67.40
🔸 Target 2: 69.20
🔸 Target 3: 72.80


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⚠️ Important Notes:

1. Wait for bullish confirmation before entering a trade.


2. If the support at 64 breaks, price may drop further toward the next demand zone around 61.00–60.00 (next major support lies at 59.415).


3. Keep an eye on oil-related news and U.S. economic reports (noted with calendar icons on the chart), as they can strongly impact volatility.




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