WTI Crude Oil (USOIL) 15-Minute Chart Analysis
🔍 Analysis:
The chart shows an upward trend recovering from a prior downtrend.
Price broke above a support zone (~67.40–67.50) and is retesting it.
The support zone is clearly marked — price may retest this level before another move up.
The target point is around the 68.30–68.40 area, aligned with previous resistance.
The moving averages (red short-term, blue longer-term) are sloping up, supporting bullish momentum.
✅ Trading Idea:
Bias: Bullish.
Possible Scenario: Wait for price to pull back and confirm support at the marked zone. If it holds, a bounce could target the 68.30–68.40 zone.
Invalidation: A strong break below the support zone could invalidate this setup and suggest a deeper pullback.
🔍 Analysis:
The chart shows an upward trend recovering from a prior downtrend.
Price broke above a support zone (~67.40–67.50) and is retesting it.
The support zone is clearly marked — price may retest this level before another move up.
The target point is around the 68.30–68.40 area, aligned with previous resistance.
The moving averages (red short-term, blue longer-term) are sloping up, supporting bullish momentum.
✅ Trading Idea:
Bias: Bullish.
Possible Scenario: Wait for price to pull back and confirm support at the marked zone. If it holds, a bounce could target the 68.30–68.40 zone.
Invalidation: A strong break below the support zone could invalidate this setup and suggest a deeper pullback.
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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.
Join My Official Channel Link
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Join My Public Channel Link
t.me/goldprotreader
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Join My Public Channel Link
t.me/goldprotreader
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.