WTI - 2025 Q1 Forecast - Technical Analysis & Trading Ideas!

💡 Midterm forecast: (Daily Time-frame)

While the price is above the support 64.00, resumption of uptrend is expected.

Technical analysis:

A trough is formed in daily chart at 66.51 on 11/18/2024, so more gains to resistance(s) 75.44 and maximum to Major Resistance (77.92) is expected.

Take Profits:

1. 68.80
   
2. 72.27
   
3. 75.44
   
4. 77.92
   
5. 80.10
   
6. 83.96
   
7. 87.00
   
8. 93.80
   
9. 100.80
   
10. 109.19
    
11. 126.35
    

💡 Short Term forecast: (H4 Time-frame):

The bullish wave is expected to continue as long as the price is above the strong Support at 70.53

Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 70.53

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