OIL/ BUY 30m chart analysis

Chart Analysis Summary:

The price is currently around 61.46.

You've marked a demand zone between approximately 60.11 – 60.50, suggesting a strong buy interest in that area.

The chart shows a projected bullish move with a strong red arrow pointing toward 65.00+.

The projection includes a breakout, a possible pullback, then continuation to higher levels.


Trade Setup (Buy Setup):

1. Entry Point:
Look for buy entries in the demand zone, ideally around:
Entry: 60.11 – 60.50
(Wait for bullish confirmation — engulfing candle, bullish divergence, or other signals in that zone.)

2. Stop Loss (SL):
Just below the demand zone:
SL: 59.50

3. Take Profit 1 (TP1):
At the structure or resistance level shown before pullback:
TP1: 63.50

4. Final Target:
As indicated by your arrow projection:
Final TP: 65.50 – 66.00