🌐Macro Background
Crude oil prices fall sharply as geopolitical tensions in the Middle East ease after Israel and Iran halt attacks. Sentiment worsens further following US President Donald Trump's remarks about a potential agreement with Iran in the coming days.
📊Technical Structure
US Crude Oil (WTI) is in a broad ascending channel but has broken below its key pivot line. It failed to reach $95.00–$96.00 and was rejected, causing the price to break the Resistance Zone ($91.58 - $92.89), which has now become strong resistance.
🎯 Trade Setup
Enter shorts on minor pullbacks to the midline or lower resistance, or on a clean break below $89.00 with momentum.
Take Profit Targets:
TP1: $87.87 (Upper major Support Zone)
TP2: $86.35 (Lower Support Zone and channel support)
📌Invalidation
Invalidate the bearish setup if WTI closes above $92.89, breaking the lower high pattern and shifting the 4H structure to neutral-to-bullish.
📌Trade Summary
Middle East conflict risks ease, and a possible Iran deal approaches. US Crude Oil breaks 4H support; short-term rally fades, targeting $87.87–$86.35 support cluster.
⚠️Disclaimer
This analysis is for reference only and not trading advice. Financial markets involve risk; proper risk management is essential.
Crude oil prices fall sharply as geopolitical tensions in the Middle East ease after Israel and Iran halt attacks. Sentiment worsens further following US President Donald Trump's remarks about a potential agreement with Iran in the coming days.
📊Technical Structure
US Crude Oil (WTI) is in a broad ascending channel but has broken below its key pivot line. It failed to reach $95.00–$96.00 and was rejected, causing the price to break the Resistance Zone ($91.58 - $92.89), which has now become strong resistance.
🎯 Trade Setup
Enter shorts on minor pullbacks to the midline or lower resistance, or on a clean break below $89.00 with momentum.
Take Profit Targets:
TP1: $87.87 (Upper major Support Zone)
TP2: $86.35 (Lower Support Zone and channel support)
📌Invalidation
Invalidate the bearish setup if WTI closes above $92.89, breaking the lower high pattern and shifting the 4H structure to neutral-to-bullish.
📌Trade Summary
Middle East conflict risks ease, and a possible Iran deal approaches. US Crude Oil breaks 4H support; short-term rally fades, targeting $87.87–$86.35 support cluster.
⚠️Disclaimer
This analysis is for reference only and not trading advice. Financial markets involve risk; proper risk management is essential.
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
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👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
ATFX is a globally regulated, award-winning fintech broker offering customer support in 20 languages.
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
👉🏼Start your trading journey with ATFX: bit.ly/3mLMPHz
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。