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USOIL4-hourBearish

WTI crude oil 4-hour (SMC): sell the 87.00–89.30 zone

FXFibo editorial · · 1 min read
Summary

The 4-hour structure in WTI crude oil is bearish: a bearish break of structure (BOS) at 89.07, with price now around 85.71. The 87.00–89.30 area is the main sell zone.

BiasBearishEntry zone88.20Stop loss90.20Target 184.00Target 282.50StatusActive
Invalidation: 4-hour close above 89.30
WTI crude oil 4-hour (SMC): sell the 87.00–89.30 zone

Main scenario

  • Entry zone: 87.00–89.30 (around 88.20)
  • Stop: 90.20
  • Targets: 84.00 and 82.50
  • Enter after candle confirmation or an aligned CHoCH on a lower timeframe

Alternative scenario

A 4-hour close above 89.30 invalidates the main scenario and opens the way to 91.12.

Key levels

  • Resistance: 87.22, 89.29, 91.12
  • Support: 84.00, 82.50, 80.00

Market-moving events

  • Tue 10 Nov: US CPI
  • Thu 12 Nov: UK GDP and US jobless claims
  • Fri 13 Nov: US PPI and euro-area GDP
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⚠ This analysis is educational and is not a buy or sell recommendation. Trading financial markets carries the risk of losing capital.