WTI Crude Oil Trading Recommendation - SELL Strategy
Instrument: USOIL (WTI Crude Oil)
Timeframe: 1H, 4h
Strategy: Pending Sell Order (Sell Limit)
Technical Analysis:
WTI crude oil is approaching a key resistance zone at 72.5 - 72.9 USD/barrel, where strong selling pressure is expected.
The overall trend remains bearish as the price stays below the EMA 33 levels.
If the price reacts strongly at this level, a pullback towards lower support zones is highly likely.
Trade Setup:
✅ Entry (Sell Limit): 72.5 - 72.9 USD/barrel.
✅ Stop Loss (SL): 73.00 - 73.80 USD/barrel.
✅ Take Profit (TP):
Target 1: 69.88 USD/barrel.
Target 2: 68.36 - 67.40 USD/barrel.
✅ Holding Time: Expected until early next week.
Market Outlook:
The 72.5 - 72.9 USD zone is an ideal area for short-selling due to strong supply levels.
If the price shows a bearish reaction here, selling pressure could push it down to 69.88 USD, and possibly lower to 68.36 - 67.40 USD.
This strategy aims to take advantage of a pullback before continuing the downtrend, offering a favorable risk-reward ratio.
Timeframe: 1H, 4h
Strategy: Pending Sell Order (Sell Limit)
Technical Analysis:
WTI crude oil is approaching a key resistance zone at 72.5 - 72.9 USD/barrel, where strong selling pressure is expected.
The overall trend remains bearish as the price stays below the EMA 33 levels.
If the price reacts strongly at this level, a pullback towards lower support zones is highly likely.
Trade Setup:
✅ Entry (Sell Limit): 72.5 - 72.9 USD/barrel.
✅ Stop Loss (SL): 73.00 - 73.80 USD/barrel.
✅ Take Profit (TP):
Target 1: 69.88 USD/barrel.
Target 2: 68.36 - 67.40 USD/barrel.
✅ Holding Time: Expected until early next week.
Market Outlook:
The 72.5 - 72.9 USD zone is an ideal area for short-selling due to strong supply levels.
If the price shows a bearish reaction here, selling pressure could push it down to 69.88 USD, and possibly lower to 68.36 - 67.40 USD.
This strategy aims to take advantage of a pullback before continuing the downtrend, offering a favorable risk-reward ratio.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.