Bearish Analysis: Crude Oil (CL Futures)
1️⃣ Rejected at Supply Zone:
The price was strongly rejected from the $80 supply zone, where sellers clearly took control. This zone has been a key resistance level, and the recent bearish momentum confirms strong selling pressure.
2️⃣ Bearish Momentum in Play:
The sharp decline from the supply zone has broken short-term supports, signaling sustained bearish movement. The next major target is the $66–$67 demand zone, where buyers may step in.
3️⃣ Technical Indicators Supporting Bears:
RSI: At 54.88, the RSI suggests there’s room for further downside before reaching oversold conditions.
Stochastic Oscillator: A bearish crossover between the %K and %D lines confirms increasing selling pressure, with momentum favoring a continuation of the trend.
4️⃣ Fundamentals Adding Pressure:
Trump’s Energy Policy: Potential policy changes to increase domestic oil supply could create a bearish outlook for crude oil.
Stronger Dollar: The strengthening USD makes oil more expensive for global buyers, further dampening demand and supporting the bearish case.
🎯 Strategy:
TP1: $75 (Near-term target, close to the current price).
TP2: $74.30 (Minor support, a potential bounce or pause area).
TP3: $72 (A strong psychological and technical level).
TP4: $67 (Major demand zone).
🔔 Note:
Consider using a positive stop loss to secure gains and reduce risk. Always practice proper risk management to protect your capital and maintain consistent results.
The price was strongly rejected from the $80 supply zone, where sellers clearly took control. This zone has been a key resistance level, and the recent bearish momentum confirms strong selling pressure.
2️⃣ Bearish Momentum in Play:
The sharp decline from the supply zone has broken short-term supports, signaling sustained bearish movement. The next major target is the $66–$67 demand zone, where buyers may step in.
3️⃣ Technical Indicators Supporting Bears:
RSI: At 54.88, the RSI suggests there’s room for further downside before reaching oversold conditions.
Stochastic Oscillator: A bearish crossover between the %K and %D lines confirms increasing selling pressure, with momentum favoring a continuation of the trend.
4️⃣ Fundamentals Adding Pressure:
Trump’s Energy Policy: Potential policy changes to increase domestic oil supply could create a bearish outlook for crude oil.
Stronger Dollar: The strengthening USD makes oil more expensive for global buyers, further dampening demand and supporting the bearish case.
🎯 Strategy:
TP1: $75 (Near-term target, close to the current price).
TP2: $74.30 (Minor support, a potential bounce or pause area).
TP3: $72 (A strong psychological and technical level).
TP4: $67 (Major demand zone).
🔔 Note:
Consider using a positive stop loss to secure gains and reduce risk. Always practice proper risk management to protect your capital and maintain consistent results.
Trade active
TP1 and TP2 reached! 🎯Note
TP 3 Reached! 
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Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
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.