(2-hour timeframe for WTI Crude Oil (USOIL)), here’s the technical analysis and target zones:
🟦 Key Observations:
Price is trading in an ascending channel.
I'm using the Ichimoku Cloud for trend confirmation.
There are two clear target zones marked with arrows.
---
🎯 Target Levels (as shown on chart):
1. First Target Zone: ~$74.50
This is the intermediate resistance level.
Price is expected to break above ~$69, then head toward this zone.
2. Final Target Zone: ~$76.50–77.00
This is the major resistance area, possibly the upper end of a swing move.
Could be reached if momentum remains strong and no major reversal occurs.
---
📌 Current Price:
$68.66 (Sell) / $68.76 (Buy) — as of the screenshot.
📈 Suggested Strategy (based on the chart setup):
Entry: On breakout above ~$69.00 with volume confirmation.
First TP: ~$74.50
Second TP: ~$76.50–77.00
Stop-Loss: Below the lower channel support (~$66 or tighter, depending on your risk tolerance).
🟦 Key Observations:
Price is trading in an ascending channel.
I'm using the Ichimoku Cloud for trend confirmation.
There are two clear target zones marked with arrows.
---
🎯 Target Levels (as shown on chart):
1. First Target Zone: ~$74.50
This is the intermediate resistance level.
Price is expected to break above ~$69, then head toward this zone.
2. Final Target Zone: ~$76.50–77.00
This is the major resistance area, possibly the upper end of a swing move.
Could be reached if momentum remains strong and no major reversal occurs.
---
📌 Current Price:
$68.66 (Sell) / $68.76 (Buy) — as of the screenshot.
📈 Suggested Strategy (based on the chart setup):
Entry: On breakout above ~$69.00 with volume confirmation.
First TP: ~$74.50
Second TP: ~$76.50–77.00
Stop-Loss: Below the lower channel support (~$66 or tighter, depending on your risk tolerance).
Trade active
active
t.me/RSI_Trading_Point4
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.
t.me/RSI_Trading_Point4
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold signal's with proper TP & SL for high profits opportunities..
Related publications
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.