WTI Crude Oil 4H Chart – Bullish Setup from Demand Zone📈 Current Price: $61.74
🔵 Key Zones & Levels
🔹 Demand Zone (Buy Area):
🟦 $59.48 – $61.39
→ Price expected to bounce here
→ 🔄 Potential reversal zone
🔹 Entry Point:
🎯 $61.39
→ Ideal level to enter LONG
→ Just above demand zone
🔹 Stop Loss:
🛑 Below $59.48
→ Exit if price drops here
→ Protects cap
About CFDs on WTI Crude Oil
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.
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USOIL Will Fall! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 60.503.
Taking into consideration the structure & trend analysis, I believe that the market will reach 5
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Technical analysis:
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USOIL Today's Trading Strategy Hope this helps you
### Factors Influencing Long Positions in Crude Oil
#### Seasonal Demand Growth
Summer typically sees a surge in crude oil demand as increased travel and industrial activities drive up consumption. For example, gasoline demand in the U.S. rises significantly during summer due to higher public
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Buy entry is at 59.71 which is a pullback support that aligns with the 50.0% Fibonacci retracement.
Stop loss is at 57.50 which is a level that lies underneath a swing-low support.
T
Crude oil is moving upward again, testing 63 today
💡Message Strategy
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) met at their headquarters in Vienna on Wednesday to assess the current oil market situation. WTI crude oil prices climbed above $62 as OPEC+ said there would be no immediate change to current produc
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Displays a symbol's price movements over previous years to identify recurring trends.