**Current Market chart (WTI Crude Oil - XTIUSD)**

- **Price**: **96.24** (-2.65%)
- **Bias on 1H chart**: **Strongly Bearish** after a sharp sell-off from ~113.28 high.
- Recent price action shows a clear **downtrend** with lower highs and lower lows. Price has broken below key moving averages and is trading near the lower part of the recent range.
**Recommended Trade Setups**

**1. Sell (Short) Setup - Preferred Bias**
**Entry**: **96.20 - 96.40** (current area or on small pullback to MA5/MA10)
- **Stop Loss (SL)**: **97.10** (above recent swing high / MA cluster) → **Risk ~0.80-0.90**
- **Take Profit 1 (TP1)**: **94.90** (recent low) → **Reward ~1.3**
- **Take Profit 2 (TP2)**: **93.00 - 92.50** (next major support zone)
- **Take Profit 3 (TP3)**: **90.30** (strong previous low)

**Risk-Reward**: ~1:2.5+ on TP2

**Why Sell?**
- Strong bearish momentum on 1H
- Price rejected from MA10/MA30 area
- MACD is bearish with histogram weakening
- Overall structure is clearly down

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**2. Buy (Long) Setup - Counter-trend / Scalp only**
Only for aggressive traders or if you see reversal confirmation.

**Entry**: **95.00 - 94.80** (near today's low or previous support)
- **Stop Loss (SL)**: **94.30** (below today's low) → Tight risk
- **Take Profit 1**: **96.50**
- **Take Profit 2**: **97.80 - 98.20**

**Note**: This is higher risk because the trend is down. Only take if you get strong bullish candle reversal + MACD bullish crossover.

**Key Levels to Watch**
- **Resistance**: 97.10 → 98.20 → 99.79
- **Support**: 94.90 → 93.00 → 90.31

### **Risk Management Tips**
- Use **0.5-1%** of your account per trade max.
- The 1h chart shows strong volatility — keep position size small.
- Time until closing: ~1h 6m (watch for end-of-day moves).

**Best Trade Right Now**: **Sell** on current levels or minor bounce, with tight SL above 97.10.

#Gate square