WTI CRUDE OIL — Weekly Outlook | 4H Structure 🗓️
Crude Oil is trading within a well-defined ascending channel on the 4H timeframe. Price has recently pushed into a resistance zone near 101.523, showing signs of short-term rejection. The structure points toward a healthy pullback before continuation.
📌 Key Levels:
🔻 Pullback Target — 94.009
🔺 Resistance — 101.523
📐 Structure: Price tagged the upper boundary of the ascending channel and is now showing bearish pressure at resistance. A retracement toward the lower channel support at 94.009 is the expected move before bulls potentially regain control. The channel structure remains intact as long as price holds within its boundaries.
⚠️ Macro This Week: The US-Iran conflict and Strait of Hormuz disruptions continue to be the primary driver for Oil volatility. Additionally, EIA Crude Inventories and CPI data this week can trigger sharp price swings. Any progress or breakdown in peace negotiations will move Oil significantly.
📖 Educational analysis only. Not financial advice.
Crude Oil is trading within a well-defined ascending channel on the 4H timeframe. Price has recently pushed into a resistance zone near 101.523, showing signs of short-term rejection. The structure points toward a healthy pullback before continuation.
📌 Key Levels:
🔻 Pullback Target — 94.009
🔺 Resistance — 101.523
📐 Structure: Price tagged the upper boundary of the ascending channel and is now showing bearish pressure at resistance. A retracement toward the lower channel support at 94.009 is the expected move before bulls potentially regain control. The channel structure remains intact as long as price holds within its boundaries.
⚠️ Macro This Week: The US-Iran conflict and Strait of Hormuz disruptions continue to be the primary driver for Oil volatility. Additionally, EIA Crude Inventories and CPI data this week can trigger sharp price swings. Any progress or breakdown in peace negotiations will move Oil significantly.
📖 Educational analysis only. Not financial advice.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.