🎯 Trade setup:
Direction: Short from pullback
🔻 Entry: 7,220–7,280
🛑 Stop Loss: 7,360
🎯 Take Profit 1: 7,080
🎯 Take Profit 2: 7,020
📰 News:
USOIL remains supported by the Middle East risk premium, with WTI still on track for a weekly gain as U.S.–Iran tensions keep supply fears alive. However, prices have started to cool after the recent spike, as the market hopes tensions may stay contained and talks could restart.
📊 Analysis:
On the 1H chart, USOIL rejected the strong resistance near 7,580 and pulled back toward 7,180. The price is now below EMA 9 and EMA 20, while SMA 50 near 7,320 acts as the next important resistance.
Momentum is cooling: RSI is around 42, and MACD is trying to recover but has not confirmed a bullish reversal yet. As long as price stays below 7,320–7,360, sellers may keep control short term.
Scenario:
If USOIL fails to reclaim 7,320, the correction may continue toward 7,080–7,020.
A bullish scenario would require a clean recovery above 7,360. In that case, price could retest 7,450 and 7,580.
⚠️ Not financial advice.
Direction: Short from pullback
🔻 Entry: 7,220–7,280
🛑 Stop Loss: 7,360
🎯 Take Profit 1: 7,080
🎯 Take Profit 2: 7,020
📰 News:
USOIL remains supported by the Middle East risk premium, with WTI still on track for a weekly gain as U.S.–Iran tensions keep supply fears alive. However, prices have started to cool after the recent spike, as the market hopes tensions may stay contained and talks could restart.
📊 Analysis:
On the 1H chart, USOIL rejected the strong resistance near 7,580 and pulled back toward 7,180. The price is now below EMA 9 and EMA 20, while SMA 50 near 7,320 acts as the next important resistance.
Momentum is cooling: RSI is around 42, and MACD is trying to recover but has not confirmed a bullish reversal yet. As long as price stays below 7,320–7,360, sellers may keep control short term.
Scenario:
If USOIL fails to reclaim 7,320, the correction may continue toward 7,080–7,020.
A bullish scenario would require a clean recovery above 7,360. In that case, price could retest 7,450 and 7,580.
⚠️ Not financial advice.
Transaction en cours
TP1 HIT
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Telegram Channel:
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Join me as I explore the market with ElibriMarkets — AI-agent analytics, transparent data, and clear limits. No predictions. No hype.
elibrimarkets.com
Telegram Channel:
t.me/elibrianalytics
elibrimarkets.com
Telegram Channel:
t.me/elibrianalytics
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.