WTI Crude Oil 4H Chart – Bullish Setup from Demand Zone📈 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 cap
Channel Rejection in Oil – Is $68 Next?💼 Strategic Action Plan:
🔴 Bearish Setup – Reversal from Channel Top:
Sell Zone: $73.00 – $75.50
Stop Loss: Above $76.50 (channel breakout invalidation)
Targets:
🎯 T1: $71.00
🎯 T2: $68.00
🎯 T3: $64.00 (mid-term swing target)
Momentum is weakening after a sharp run-up, making this a high-ri
Crude updated levels,fall from exactly resistance area How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early
Crude oil update-4th June.Crude oil update
It has form a WXY as an irregular correction and now forming an Next impulse to the upside
which is forming from 59.80 lows to the upside 63.75 which looks like 5 wave and wave W corrected in 3 wave
and X wave have 3 wave pattern, which opens of other probabilities for larger corre
USOIL - to test $59.5 or lower?
TF: 240 minutes
The script has left a FVG (Fair Value GAP) at $59.3 and it is most likely to be tested first before making any move on the upside.
The supply between 62.7 and 63 is quite strong for now.
Trade with caution
Disclaimer: I am not a SEBI registered Analyst and this is not a trading
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Displays a symbol's price movements over previous years to identify recurring trends.