WTI (1H) inside a rising channel, and price just pulled back into mid-support.
Structure read:
Trend = bullish (higher highs & higher lows)
Price reacting from channel mid-zone (grey demand)
Previous high near 109–110 is key liquidity
🎯 Bullish Targets:
First target: 107.50 (minor resistance / recent lower high)
Main target: 109.50 – 110.00 (channel top + liquidity)
Extended target: 111.50–112.00 (if breakout above channel)
❗ Invalidation:
Clean break below 103.50–103.00 support → bullish setup weakens
Below that → possible drop to 101.50
Summary:
Bias = buy on dips
Most likely move: push back toward 109–110 zone
Structure read:
Trend = bullish (higher highs & higher lows)
Price reacting from channel mid-zone (grey demand)
Previous high near 109–110 is key liquidity
🎯 Bullish Targets:
First target: 107.50 (minor resistance / recent lower high)
Main target: 109.50 – 110.00 (channel top + liquidity)
Extended target: 111.50–112.00 (if breakout above channel)
❗ Invalidation:
Clean break below 103.50–103.00 support → bullish setup weakens
Below that → possible drop to 101.50
Summary:
Bias = buy on dips
Most likely move: push back toward 109–110 zone
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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.
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.
