Technical Analysis for WTI Crude Oil (USOIL)
1. Market Structure Overview
The price was trading inside an ascending channel, indicating a strong bullish trend initially. However, the market broke down from the channel and formed a lower high, signaling a trend reversal from bullish to bearish.
2. Current Price Action
* Price has reached the demand zone (61.50–62.00), which is a strong support area for potential buying interest.
* The recent sharp drop suggests a bearish impulse, but the presence of the demand zone may trigger a bullish correction.
3. Key Zones
* Demand Zone: 61.50–62.00 (potential buy area for bullish reversal).
* Supply Zone / Target Area: 64.00–64.50 (profit-taking or reversal zone if price rallies).
4. Trading Plan
* Look for bullish confirmation patterns (such as a strong bullish engulfing candle or break above minor structure) before entering long positions.
* First target: 63.00, second target: 64.50 near the supply zone.
* If the demand zone fails, price may continue toward 60.50 or lower.
✅ Bias: Bullish correction expected from the demand zone after strong selling pressure.
✅ Strategy: Wait for confirmation before entering.
Support Me, For More Insightful Analysis.
1. Market Structure Overview
The price was trading inside an ascending channel, indicating a strong bullish trend initially. However, the market broke down from the channel and formed a lower high, signaling a trend reversal from bullish to bearish.
2. Current Price Action
* Price has reached the demand zone (61.50–62.00), which is a strong support area for potential buying interest.
* The recent sharp drop suggests a bearish impulse, but the presence of the demand zone may trigger a bullish correction.
3. Key Zones
* Demand Zone: 61.50–62.00 (potential buy area for bullish reversal).
* Supply Zone / Target Area: 64.00–64.50 (profit-taking or reversal zone if price rallies).
4. Trading Plan
* Look for bullish confirmation patterns (such as a strong bullish engulfing candle or break above minor structure) before entering long positions.
* First target: 63.00, second target: 64.50 near the supply zone.
* If the demand zone fails, price may continue toward 60.50 or lower.
✅ Bias: Bullish correction expected from the demand zone after strong selling pressure.
✅ Strategy: Wait for confirmation before entering.
Support Me, For More Insightful Analysis.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.