WTIUSD - Long-Term Positional Trade Setup ๐
๐ Market Overview:
WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery.
This setup is for swing and positional traders looking to hold for weeks to months.
๐ Key Levels:
Major Demand Zone: $65.00 - $67.00
First Resistance: $75.00
Major Resistance: $82.00 - $85.00
Macro Target: $90.00+
๐ Trade Idea:
๐ธ Long Entry: $66.00 - $67.00 (Accumulation Zone)
๐ธ Stop Loss: $62.50 (Below historical support)
๐ธ Take Profit Targets:
TP1: $75.00 (Key resistance, potential pullback)
TP2: $82.00 (Previous supply zone)
TP3: $90.00+ (Macro bullish target)
๐ Confluences for the Trade:
โ Strong Historical Support at $65-$67
โ 200-Week Moving Average Support
โ MACD and RSI Bullish Divergence (Momentum shifting)
โ Geopolitical Risks & Supply Factors favoring oil upside
โ Previous Market Cycles show WTI bouncing from this zone
๐ฏ Execution Plan:
DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62.
Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets.
Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation.
๐จ Risk Management:
WTI is volatileโuse proper risk sizing to avoid unnecessary drawdowns.
๐ This is a long-term position, so patience is key!
๐ Market Overview:
WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery.
This setup is for swing and positional traders looking to hold for weeks to months.
๐ Key Levels:
Major Demand Zone: $65.00 - $67.00
First Resistance: $75.00
Major Resistance: $82.00 - $85.00
Macro Target: $90.00+
๐ Trade Idea:
๐ธ Long Entry: $66.00 - $67.00 (Accumulation Zone)
๐ธ Stop Loss: $62.50 (Below historical support)
๐ธ Take Profit Targets:
TP1: $75.00 (Key resistance, potential pullback)
TP2: $82.00 (Previous supply zone)
TP3: $90.00+ (Macro bullish target)
๐ Confluences for the Trade:
โ Strong Historical Support at $65-$67
โ 200-Week Moving Average Support
โ MACD and RSI Bullish Divergence (Momentum shifting)
โ Geopolitical Risks & Supply Factors favoring oil upside
โ Previous Market Cycles show WTI bouncing from this zone
๐ฏ Execution Plan:
DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62.
Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets.
Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation.
๐จ Risk Management:
WTI is volatileโuse proper risk sizing to avoid unnecessary drawdowns.
๐ This is a long-term position, so patience is key!
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.
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.