WTIUSD - Long-Term Positional Trade Setup 🚀
🔍 Market Overview:
WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery.
This setup is for swing and positional traders looking to hold for weeks to months.
📍 Key Levels:
Major Demand Zone: $65.00 - $67.00
First Resistance: $75.00
Major Resistance: $82.00 - $85.00
Macro Target: $90.00+
📊 Trade Idea:
🔸 Long Entry: $66.00 - $67.00 (Accumulation Zone)
🔸 Stop Loss: $62.50 (Below historical support)
🔸 Take Profit Targets:
TP1: $75.00 (Key resistance, potential pullback)
TP2: $82.00 (Previous supply zone)
TP3: $90.00+ (Macro bullish target)
📈 Confluences for the Trade:
✅ Strong Historical Support at $65-$67
✅ 200-Week Moving Average Support
✅ MACD and RSI Bullish Divergence (Momentum shifting)
✅ Geopolitical Risks & Supply Factors favoring oil upside
✅ Previous Market Cycles show WTI bouncing from this zone
🎯 Execution Plan:
DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62.
Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets.
Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation.
🚨 Risk Management:
WTI is volatile—use proper risk sizing to avoid unnecessary drawdowns.
📌 This is a long-term position, so patience is key!
🔍 Market Overview:
WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery.
This setup is for swing and positional traders looking to hold for weeks to months.
📍 Key Levels:
Major Demand Zone: $65.00 - $67.00
First Resistance: $75.00
Major Resistance: $82.00 - $85.00
Macro Target: $90.00+
📊 Trade Idea:
🔸 Long Entry: $66.00 - $67.00 (Accumulation Zone)
🔸 Stop Loss: $62.50 (Below historical support)
🔸 Take Profit Targets:
TP1: $75.00 (Key resistance, potential pullback)
TP2: $82.00 (Previous supply zone)
TP3: $90.00+ (Macro bullish target)
📈 Confluences for the Trade:
✅ Strong Historical Support at $65-$67
✅ 200-Week Moving Average Support
✅ MACD and RSI Bullish Divergence (Momentum shifting)
✅ Geopolitical Risks & Supply Factors favoring oil upside
✅ Previous Market Cycles show WTI bouncing from this zone
🎯 Execution Plan:
DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62.
Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets.
Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation.
🚨 Risk Management:
WTI is volatile—use proper risk sizing to avoid unnecessary drawdowns.
📌 This is a long-term position, so patience is key!
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.