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Light Crude Oil Futures
Long

Oil Market Insights: Demand Zones and Future Fundamentals

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Yesterday, CL1! oil tested and rebounded from my weekly demand zone without triggering my entry, resulting in a missed opportunity for several points. This suggests to me that there is buying interest at this level, regardless of the fact that non-commercial traders are short. I am now looking for a retest of this area—if I'm fortunate—to enter a long position. I am also awaiting the new COT data tomorrow to assess any potential shifts in fundamentals. Additionally, I am considering the presence of a stronger demand zone below, which appears even more promising. We'll see how it unfolds.

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Crude Oil Futures WTI (CL1!)forexn1Fundamental AnalysisOiloilpriceoiltradingpetrol
FOREXN1
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod

🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/

🔥 UP to 4000$ BONUS: forexn1.com/broker/

🟪 Instagram: instagram.com/forexn1_com/
Also on:

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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.