CFDs on WTI Crude Oil
Long
Updated

WTI Crude Oil 4H Analysis: Bullish Channel Setup with Target at

247
๐Ÿ’ฑ Instrument: CFDs on WTI Crude Oil
๐Ÿ“ˆ Trend: Bullish (Uptrend within Ascending Channel)

๐Ÿ”ฅ Current Situation:
Price is moving inside an ascending channel ๐Ÿ“ˆ, recently pulling back from the upper boundary.

๐ŸŽฏ Trade Setup Overview:

๐Ÿ”น ENTRY POINT (Buy Zone):
๐Ÿ”ต 66.15 USD (Blue Box Area)

๐Ÿ”น TARGET POINT (Take Profit):
๐ŸŽฏ 73.00 USD
๐Ÿ“Œ Resistance levels ahead:
โ–ซ๏ธ 72.61
โ–ซ๏ธ 72.79
โ–ซ๏ธ 73.62

๐Ÿ”น STOP LOSS:
๐Ÿ”ด 64.00 USD Zone (Orange Box Area)
โš ๏ธ Includes dynamic support from EMA 70 (64.08 USD)

๐Ÿ“ Risk-to-Reward Ratio (R:R):
โœ… Approx. 1 : 3
Risk โž– ~2.18 USD
Reward โž• ~6.85 USD

๐Ÿ“ Summary Strategy:
๐Ÿ”ธ Buy the dip at 66.15 USD
๐Ÿ”ธ Target 73.00 USD
๐Ÿ”ธ Stop-loss just below 64.00 USD

๐Ÿšฆ Decision Points:
๐ŸŸข Stay in the trade if price respects channel and EMA 70.
๐Ÿ”ด Exit immediately if it breaks below 63.97 USD.

โš ๏ธ Pro Tip:
๐Ÿ‘€ Watch for:
๐Ÿ’ฌ News from OPEC+
๐Ÿ’ต US Dollar Index (DXY)
๐Ÿ“… Inventories Report (EIA/API)

Want a custom trade checklist with reminders? Just say the word! โœ…
Trade closed: target reached
snapshot
Note
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