CFDs on WTI Crude Oil
Long

WTI Crude Oil Analysis: Key Levels and $65 Accumulation Strategy

247
The WTI Crude Oil chart highlights a long-term bearish trend, with price testing key support and resistance zones. Here's a concise breakdown:

Key Levels to Watch
  • Support Levels: $65.00 (immediate), $61.52, $56.97, $55.00, $51.76, $42.87.
  • Resistance Levels: $72.80, $78.44, $83.64, $93.40.


Current Opportunity for Swing Trade
  • Accumulate near $65.00 with a stop-loss slightly below $65.00.
  • Targets: $69.00, $72.80, $78.44.


Trade Setups
  • Bullish: Enter on $65.00 support bounce or breakout above $72.80.
  • Bearish: Short on rejection at $72.80 or breakdown below $65.00.


Market Outlook
  • Bearish Bias: Break below $65.00 could lead to $61.52 or $56.97.
  • Bullish Reversal: Break above $72.80 targets $78.44 and beyond.

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