WTI Crude Oil 4H Chart – Bullish Setup from Demand Zone

430
📈 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 capital

🔹 Target Point:
🚀 $67.00
→ Profit-taking zone
→ Strong resistance zone nearby:
* 66.63
* 66.75
* 67.60


📊 Indicators

📍 EMA (70): 🔴 61.40
→ Price trading above = bullish signal
→ EMA acting as support

📏 Trendline Channel:
🔼 Higher highs & higher lows
→ Supports uptrend continuation


📌 Trade Plan Summary

* Bias: 📈 Bullish
* Buy: At 61.39
* Stop: Below 59.48 🛑
* Target: 67.00 🎯
* Risk-Reward: ✔️ Favorable (~1:3)


🔍 What to Watch

* ✅ Bullish candles in demand zone
* 🔁 Retest of EMA or lower channel
* ❌ Avoid if it breaks below $59.48

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.
OSZAR »