00:00WTI oil is at a critical crossroads, and the next move could be massive.
00:05Please watch the full video. Looking at the 1H chart in WTI linked to .jpg,
00:10we have seen a powerful impulsive break of structure, pushing price from 92 all the way
00:15past 100. Right now we are seeing a reaction from the 102 to 105 supply zone. We are currently in
00:23a retracement phase, and identifying the right zones is key for our next entry. First, let's
00:29look at our supply zones. We have a current reaction area between 102 and 103.5. Above that,
00:36a stronger supply sits at 104.5 to 106, with a major high time frame target at 111 to 113.
00:45For demand, we are watching the 96.5 to 97.5 area closely, followed by strong historical demand at
00:5292 to 93. Here is the game plan for both scenarios. For a bearish pullback if price failed,
00:59to break above 102, we look for a rejection. A sell entry near 101 to 102 with a stop loss
01:05above
01:06103.5 targets 97.5 and potentially 93. However, if we see a strong break and hold above 103.5,
01:16the bullish continuation is on. In this case, a retest of the 102 zone becomes our entry,
01:22targeting 105.5, 111 and 113. Our main entry will be at this order block zone. Once price retraces here,
01:32we will start building our position. For this trade, our invalidation level will be just below the recent
01:38swing low. If price breaks this level, our current bias will change. Our final scenario or objective for
01:45this movement is to clear the liquidity zone above. To succeed, we must wait for clear confirmation and
01:51ensure that our risk to reward ratio remains favorable throughout the session. Always follow
01:56proper risk management. Follow for more. The next analysis is coming very soon.
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