WTI Crude Oil (USOIL) 4H Chart Analysis & Trade Setups

Bullish Scenario (Buy Setup)
๐ Entry: If price holds above the pivot line ($70.50) and forms bullish confirmation (e.g., double bottom, bullish engulfing candle).
๐ฏ Target 1: $72.00 (short-term resistance)
๐ฏ Target 2: $74.50โ$75.00 (major resistance zone)
Confirmation Needed: Bullish rejection candles, strong volume, or a break above $72.00.
Bearish Scenario (Sell Setup)
๐ Entry: If price breaks below $70.50 and retests it as resistance.
๐ฏ Target 1: $69.50 (support level)
๐ฏ Target 2: $67.94 (deeper support zone)
Confirmation Needed: Breakdown of pivot level, retest with rejection, bearish candle patterns.
* If price stays above $70.50, look for buying opportunities targeting $72.00โ$74.00.
* If price breaks below $70.50, expect more downside, with $69.50 and $67.94 as potential targets.
๐ Entry: If price holds above the pivot line ($70.50) and forms bullish confirmation (e.g., double bottom, bullish engulfing candle).
๐ฏ Target 1: $72.00 (short-term resistance)
๐ฏ Target 2: $74.50โ$75.00 (major resistance zone)
Confirmation Needed: Bullish rejection candles, strong volume, or a break above $72.00.
Bearish Scenario (Sell Setup)
๐ Entry: If price breaks below $70.50 and retests it as resistance.
๐ฏ Target 1: $69.50 (support level)
๐ฏ Target 2: $67.94 (deeper support zone)
Confirmation Needed: Breakdown of pivot level, retest with rejection, bearish candle patterns.
* If price stays above $70.50, look for buying opportunities targeting $72.00โ$74.00.
* If price breaks below $70.50, expect more downside, with $69.50 and $67.94 as potential targets.
Dagangan aktif
Prices continue to rise to meet our proposed target Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.