WTI Surge Incoming? $67 Base Could Launch Prices Toward $86

2 Tem

Wavervanir_Intl created with TradingView.com, Jul 02, 2025 12:27 UTC‑7
CFDs on WTI Crude Oil · 1h · TVC 67.26 H67.41 L67.26 C67.27 +0.02 (+0.02%)
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**🎯 Short‑Term Outlook (1 h)**
• Price rebounding from demand zone at $64.15 & equilibrium
• Break of 0.447–0.5 fib (~65.30–66.48) → targeting 70.00 then 72.82
• Entry: 67.30–67.50 | SL: <65.50 | TP1: 70.00 | TP2: 72.80

**📊 Mid‑Term (Daily/Weekly)**
• Weekly Heikin‑Ashi confirms bullish reversal, testing long-term resistance near $74–76
• Breakout clears range → potential extension to $86 (1.382 fib)
• If rejected → expect pullback to 67–70 base zone

**⚠️ Macro Catalysts & Risk**
• Bullish from inventory draws & Middle East tensions
• Upcoming OPEC+ July 6 meeting could shift supply dynamics

**🏁 Summary**
- Play for short‑term lift to fib targets
- Monitor mid‑term breakout above ~$75.60 for extended rally
- Place stops below structured support for controlled risk

Stay agile—conditions remain fluid with macro implications in control.
#Oil #WTI #Fib #Demand #Supply #OPEC #WaverVanir

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DSS is bullish, see you to the upside :)
-Pravo