WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70

Entry Point: Around $62.30 - $62.26

Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90

Target Zone (EA TARGET POINT): Between $66.62 and $67.00

A projected gain of 4.22 points (~6.77%)

📈 Price Action & Indicators:
The price had a strong bullish run recently and is now consolidating or pulling back slightly.

The red and blue moving averages (likely short-term and medium-term MAs) show a bullish crossover and trend.

There's a potential bullish setup if the price pulls back to the entry zone and finds support.

The blue curved arrow indicates a projected bounce from the $62.30 support region back up toward the $66.70 target.

🛠️ Strategy Implied:
Wait for pullback to the entry zone (~$62.30).

Enter long at or around that level.

Set Stop Loss at $61.65 to limit downside risk.

Take Profit at $66.70 for a solid risk-reward ratio.

⚠️ Risks:
If support at $62.30 fails, price may head toward $61.65 or lower.

Market volatility (especially with crude oil) can invalidate setups quickly.

Economic events (e.g., U.S. inventory reports, OPEC news) can disrupt technical patterns.