WTI Crude Oil Futures — Technical AnalysisCrude Oil FuturesNYMEX_DL:CL1!IbrahimTarekTimeframe: 1D | NYMEX 🔹 Market Structure WTI has developed a major bullish reversal structure after a prolonged decline from the 2023–2025 highs. The chart shows: A long-term descending trendline acting as major resistance. Strong accumulation/reversal from the $67–70 region. Price subsequently formed a higher-low structure and pushed back toward the $87–85 breakout/retest zone. Current price around $91.64 is testing the immediate resistance area and the descending purple trendline. 🎯 LONG SETUP Preferred Entry: $87–85 This zone is important because it represents the previous breakout/support area. A successful retest and bullish reaction would strengthen the continuation setup. Stop Loss: $75 A daily breakdown and sustained close below $75 would significantly weaken the bullish structure and invalidate the setup. 🚀 Upside Targets TargetZonePotential T1$119.76 – $122.85Major resistance / primary target T2$135.00 – $139.29Major historical supply T3$144.20 – $147.20Extended bullish target 📐 Risk/Reward Using approximately $86 as the average entry: Risk to $75 = ~$11 T1 midpoint ≈ $121.3 → ~3.2R T2 midpoint ≈ $137.1 → ~4.6R T3 midpoint ≈ $145.7 → ~5.4R That provides an attractive asymmetric setup if the $85–87 retest holds. ⚠️ Critical Levels $100.93 – $102.44 → First major resistance zone. A decisive daily breakout above this area would substantially increase the probability of a move toward $119.76–122.85. $117.49 → Intermediate resistance before T1. $85–87 → Key bullish support / entry zone. $75 → Structural invalidation. 📈 Bullish Scenario If WTI maintains above $85–87, breaks the descending trendline, and then confirms above $100.93–102.44, the market could enter a much stronger bullish expansion: $102 → $110.93 → $117.49 → $119.76–122.85 → $135–139 → $144–147 The $119–123 region is the major decision zone. A clean weekly breakout above it would open the door toward the higher targets. 🔻 Bearish Alternative Failure to hold $85 followed by a breakdown of the structure would increase the probability of a deeper correction toward $75. A sustained break below $75 invalidates the bullish setup shown on this chart. 🧠 TradingView Conclusion WTI remains structurally bullish above $85–87, but the current price is already above the preferred entry zone. The higher-probability strategy is to wait for a pullback/retest rather than chase the move. A confirmed breakout above $100.93–102.44 would provide the strongest momentum confirmation, with $119.76–122.85 as the first major objective and $135–147 as the extended bullish path. Bias: 🟢 BULLISH above $85 | Strong confirmation above $102.44 | Invalidation below $75