WTI is currently trading around 107 and maintaining a clear bullish structure after breaking above the ascending trendline resistance and reclaiming the 105.50-106.00 zone. Price is respecting higher lows and moving inside an upward channel indicating continued buying pressure. There is strong support around 103.50-101.60 while upside liquidity rests near 112.50 followed by 119.00-123.00. Fundamentally oil remains supported due to tight global supply OPEC+ production discipline and geopolitical tensions while recent USD softness is also helping push prices higher. However upcoming US inventory data could create short-term pullbacks.
Trade Plan – Buy Setup
Buy Zone: 105.50 - 103.50
Targets: 112.50, 119.20, 123.30
Invalidation: H4 close below 101.50
Trade Plan – Sell Setup
Sell Zone: 112.50 – 115.00
Targets: 106.00, 103.50
Invalidation: H4 close above 116.50
Key Levels to Watch:
Support: 105.50, 103.50, 101.60
Resistance: 112.50, 119.20, 123.30
If price holds above 105 bullish continuation is more likely toward higher liquidity zones.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Trade Plan – Buy Setup
Buy Zone: 105.50 - 103.50
Targets: 112.50, 119.20, 123.30
Invalidation: H4 close below 101.50
Trade Plan – Sell Setup
Sell Zone: 112.50 – 115.00
Targets: 106.00, 103.50
Invalidation: H4 close above 116.50
Key Levels to Watch:
Support: 105.50, 103.50, 101.60
Resistance: 112.50, 119.20, 123.30
If price holds above 105 bullish continuation is more likely toward higher liquidity zones.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Giao dịch đang hoạt động
Oil is currently respecting the ascending channel and holding above the key support zone around 103.60–104.00. The recent pullback looks like a healthy correction after the impulsive move up and price is now consolidating above trendline support indicating buyers are still in control. As long as price holds above this demand zone the bullish continuation scenario remains strong with a potential move toward 108.00–112.50 (previous highs and liquidity zones). A clean breakout above the minor resistance near 107.50 will likely confirm further upside momentum.
Key Levels to Watch:
Key Levels (exactly as per your chart):
- Major Resistance (Weekly High): 112.48
- Upper Target Zone: 119.20
- Breakout Resistance: 107.50 - 108.00 (recent highs area)
- Current Structure Support: 105.76
- Mid Support: 103.69
- Strong Demand Zone: 101.61
- Major Support and Invalidation: 94.89 (Strong Low)
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.