Crude Oil (WTI) Bullish Breakout – Eyes on $78.47!
🚀 Crude Oil (WTI) Bullish Breakout – Eyes on $78.47! 🚀
📊 Trade Setup:
Entry Price: $73.12
Take Profit 1: $73.99
Take Profit 2: $76.20
Take Profit 3: $78.47
Stop Loss: $71.21 (below key support zone)
📈 Analysis:
After months of trading in a range, WTI Crude Oil has broken above the upper boundary of the channel, signaling a bullish breakout. This breakout is supported by:
1️⃣ China's Economic Optimism: Growth pledges and potential stimulus are boosting demand expectations.
2️⃣ Technical Momentum: Key resistance at $71.50 and $74 has been breached, opening the path toward higher targets.
3️⃣ Tight Weekly Chart Range: A big move was anticipated, and the bulls delivered!
🎯 Targets:
With momentum on our side, we’re targeting:
$73.99: Quick resistance retest.
$76.20: Alignment with prior highs.
$78.47: Major resistance and breakout zone.
🔹 Risk Management:
Stop loss at $71.21, well below the key support zone, ensures controlled risk in case of reversal.
⚡ Are you riding the breakout, or watching from the sidelines? Let me know your thoughts below! ⚡
📊 Trade Setup:
Entry Price: $73.12
Take Profit 1: $73.99
Take Profit 2: $76.20
Take Profit 3: $78.47
Stop Loss: $71.21 (below key support zone)
📈 Analysis:
After months of trading in a range, WTI Crude Oil has broken above the upper boundary of the channel, signaling a bullish breakout. This breakout is supported by:
1️⃣ China's Economic Optimism: Growth pledges and potential stimulus are boosting demand expectations.
2️⃣ Technical Momentum: Key resistance at $71.50 and $74 has been breached, opening the path toward higher targets.
3️⃣ Tight Weekly Chart Range: A big move was anticipated, and the bulls delivered!
🎯 Targets:
With momentum on our side, we’re targeting:
$73.99: Quick resistance retest.
$76.20: Alignment with prior highs.
$78.47: Major resistance and breakout zone.
🔹 Risk Management:
Stop loss at $71.21, well below the key support zone, ensures controlled risk in case of reversal.
⚡ Are you riding the breakout, or watching from the sidelines? Let me know your thoughts below! ⚡
Trade active
Take Profit 1 has been reached! 
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.
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.