WTI CRUDE OIL USD WEEKLY ANALYSIS Price is reacting from a weekly FVG just below the 50% of a larger range, with some bullish momentum possibly fueled by recent geopolitical tensions.
But price is still within a bearish range acting as resistance, so upside may remain limited unless structure shifts.
A daily bullish OB below the 50% of that range could offer a solid pullback entry if price retraces which is aligning with the broader narrative and upside liquidity. Im having a neutral view of this and leveraging on both sides.
What are your thoughts?
Wtiusdanalysis
XTIUSD Price ActionHello traders!
As you can see, I've highlighted two valid Supply and Demand zones on the chart. Notice that the previous trendline liquidity has already been swept, and the market grabbed liquidity at the top before forming the supply zone.
This presents a good opportunity to enter a trade targeting the next valid demand zone below. Remember, always pay close attention to risk management—protect your balance first, then aim for profits. If you can manage risk effectively, you'll thrive in the market.
Wishing you all successful trades—happy trading!