USOIL (WTI Crude) – Buy & Sell Trade Scenarios🔵 Bullish Scenario (Buy Call)
Entry Zone: Break and sustained close above 65.20 – 65.50 (current 4H resistance).
Reasoning:
Price has retested the 64.90 resistance cluster multiple times, suggesting absorption of supply.
Volume shows declining sell pressure near resistance – a sign of potential breakout.
A breakout with strong volume confirms buyers stepping in.
Target 1: 66.75 (measured move into next liquidity pool).
Target 2 (extended): 68.20 – 68.50 (previous structural pivot).
Stop Loss: Below 64.20 (false breakout protection).
R:R Potential: ~1:2.5 to 1:3
🔴 Bearish Scenario (Sell Call)
Entry Zone: Rejection at 65.00 – 65.50 resistance with bearish confirmation candle.
Reasoning:
This zone has acted as a strong supply area since mid-August.
Multiple wicks rejecting the level + increasing sell volume hint at distribution.
If price fails to close above resistance, sellers regain control.
Target 1: 63.00 – 63.20 (mid-support range).
Target 2 (extended): 62.00 – 61.90 (major support zone).
Stop Loss: Above 65.70 (wick protection).
R:R Potential: ~1:2 to 1:3
⚖️ Key Technical Takeaway
64.90 – 65.50 = Pivot zone (battle between bulls and bears).
Breakout + volume = bullish continuation to 66.75+.
Rejection + heavy volume = bearish rotation back to 62.95.
