👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of WTI Crude Oil (U.S. Oil) with you.
Looking at the WTI Crude Oil chart, we are currently in a 6-month price range, and right now, we're at the lower boundary of this range. I have two scenarios for oil:
Bullish Scenario: We might see a price increase from here towards 85.30 on the higher timeframes.
Bearish Scenario: If we close below 61.70 on the monthly timeframe, I expect a significant decline in price towards 41.62.
📉 Expectation:
Bullish Scenario: Price may rise to 85.30.
Bearish Scenario: If price closes below 61.70, expect a decline to 41.62.
💡 Key Levels to Watch:
Support: 61.70
Resistance: 85.30
💬 What are your thoughts on WTI Crude Oil this week? Let me know in the comments!
Trade safe
Hello, everyone! I hope you're doing well. I’d like to share my analysis of WTI Crude Oil (U.S. Oil) with you.
Looking at the WTI Crude Oil chart, we are currently in a 6-month price range, and right now, we're at the lower boundary of this range. I have two scenarios for oil:
Bullish Scenario: We might see a price increase from here towards 85.30 on the higher timeframes.
Bearish Scenario: If we close below 61.70 on the monthly timeframe, I expect a significant decline in price towards 41.62.
📉 Expectation:
Bullish Scenario: Price may rise to 85.30.
Bearish Scenario: If price closes below 61.70, expect a decline to 41.62.
💡 Key Levels to Watch:
Support: 61.70
Resistance: 85.30
💬 What are your thoughts on WTI Crude Oil this week? Let me know in the comments!
Trade safe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.