Crude Oil (WTI) Bullish Breakout – Eyes on $78.47!

2 de jan.

🚀 Crude Oil (WTI) Bullish Breakout – Eyes on $78.47! 🚀

📊 Trade Setup:

Entry Price: $73.12
Take Profit 1: $73.99
Take Profit 2: $76.20
Take Profit 3: $78.47
Stop Loss: $71.21 (below key support zone)

📈 Analysis:
After months of trading in a range, WTI Crude Oil has broken above the upper boundary of the channel, signaling a bullish breakout. This breakout is supported by:
1️⃣ China's Economic Optimism: Growth pledges and potential stimulus are boosting demand expectations.
2️⃣ Technical Momentum: Key resistance at $71.50 and $74 has been breached, opening the path toward higher targets.
3️⃣ Tight Weekly Chart Range: A big move was anticipated, and the bulls delivered!

🎯 Targets:
With momentum on our side, we’re targeting:

$73.99: Quick resistance retest.
$76.20: Alignment with prior highs.
$78.47: Major resistance and breakout zone.

🔹 Risk Management:
Stop loss at $71.21, well below the key support zone, ensures controlled risk in case of reversal.

⚡ Are you riding the breakout, or watching from the sidelines? Let me know your thoughts below! ⚡

4 de jan.

Trade ativo

Take Profit 1 has been reached!