WTI Crude Oil Trading Recommendation - SELL StrategyInstrument: USOIL (WTI Crude Oil)
Timeframe: 1H, 4h
Strategy: Pending Sell Order (Sell Limit)
Technical Analysis:
WTI crude oil is approaching a key resistance zone at 72.5 - 72.9 USD/barrel, where strong selling pressure is expected.
The overall trend remains bearish as the price stays below the EMA 33 levels.
If the price reacts strongly at this level, a pullback towards lower support zones is highly likely.
Trade Setup:
✅ Entry (Sell Limit): 72.5 - 72.9 USD/barrel.
✅ Stop Loss (SL): 73.00 - 73.80 USD/barrel.
✅ Take Profit (TP):
Target 1: 69.88 USD/barrel.
Target 2: 68.36 - 67.40 USD/barrel.
✅ Holding Time: Expected until early next week.
Market Outlook:
The 72.5 - 72.9 USD zone is an ideal area for short-selling due to strong supply levels.
If the price shows a bearish reaction here, selling pressure could push it down to 69.88 USD, and possibly lower to 68.36 - 67.40 USD.
This strategy aims to take advantage of a pullback before continuing the downtrend, offering a favorable risk-reward ratio.
