Oil H1 Analysis (Gold vs Oil so its just to update you if oil is up hen gold is down)
WTI oil is maintaining a bullish structure trading within an ascending channel with higher highs and higher lows. Price recently respected the trendline support near 112-113 and is attempting to push back toward the 116 resistance zone. As long as price holds above the 112.50-113 support area bullish momentum remains intact with potential continuation toward 118 and higher near 120–122. Fundamentally oil remains supported due to ongoing global supply concerns possible geopolitical tensions affecting production routes and steady demand outlook while any weakness in the US dollar can further push oil prices higher in the short term.
Buy Trade Plan:
Buy Zone: 112.50-113.50
Take Profit: 116.00, 118, 120
Stop Loss: 108.65 (below key support & structure low) 
WTI oil is maintaining a bullish structure trading within an ascending channel with higher highs and higher lows. Price recently respected the trendline support near 112-113 and is attempting to push back toward the 116 resistance zone. As long as price holds above the 112.50-113 support area bullish momentum remains intact with potential continuation toward 118 and higher near 120–122. Fundamentally oil remains supported due to ongoing global supply concerns possible geopolitical tensions affecting production routes and steady demand outlook while any weakness in the US dollar can further push oil prices higher in the short term.
Buy Trade Plan:
Buy Zone: 112.50-113.50
Take Profit: 116.00, 118, 120
Stop Loss: 108.65 (below key support & structure low)
Patience
