WTI Technical Analysis – WTI (1H Chart)
Structure & Momentum:
WTI recently broke out of a short-term bullish structure, forming higher highs and higher lows.
However, momentum appears to be weakening, with divergence showing between price action and volume (or internal strength), hinting at a potential short-term pullback.
Liquidity & Reaccumulating:
There’s a visible liquidity pool resting below the recent swing lows, around the $62 level, which aligns with a bullish order block or prior consolidation zone on the 1H chart.
If price revisits this zone, it would likely be a liquidity grab followed by reaccumulating.
✅ Scenario Outlook:
"WTI might pull back to the $62 area to clear resting liquidity and mitigate previous demand imbalances. If the level holds with strong bullish intent, we can expect a continuation toward higher levels—targeting the $67–$70 range in the coming sessions."
Trade Setup Concept (SMC-style):
Wait for price to sweep the $62 level.
Look for a shift in market structure (CHOCH) on lower timeframes from bearish to bullish.
Entry: Post-CHOCH confirmation above local high.
SL: Below liquidity sweep.
TP1: $66.80
TP2: $69.90
🛢️ Geopolitical Context:
If Iran retaliates directly or if Strait of Hormuz tensions rise, crude could spike suddenly.
But U.S. SPR releases or weak global demand data might offset rallies—watch macro data.
