WTI Crude Oil 4H Chart – Bullish Setup from Demand Zone

May 26

📈 Current Price: $61.74


🔵 Key Zones & Levels

🔹 Demand Zone (Buy Area):
🟦 $59.48 – $61.39
→ Price expected to bounce here
→ 🔄 Potential reversal zone

🔹 Entry Point:
🎯 $61.39
→ Ideal level to enter LONG
→ Just above demand zone

🔹 Stop Loss:
🛑 Below $59.48
→ Exit if price drops here
→ Protects capital

🔹 Target Point:
🚀 $67.00
→ Profit-taking zone
→ Strong resistance zone nearby:
* 66.63
* 66.75
* 67.60


📊 Indicators

📍 EMA (70): 🔴 61.40
→ Price trading above = bullish signal
→ EMA acting as support

📏 Trendline Channel:
🔼 Higher highs & higher lows
→ Supports uptrend continuation


📌 Trade Plan Summary

* Bias: 📈 Bullish
* Buy: At 61.39
* Stop: Below 59.48 🛑
* Target: 67.00 🎯
* Risk-Reward: ✔️ Favorable (~1:3)


🔍 What to Watch

* ✅ Bullish candles in demand zone
* 🔁 Retest of EMA or lower channel
* ❌ Avoid if it breaks below $59.48

Jun 12

Trade closed: target reached

Jun 12

Note

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