- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
WTI Crude Eyes $61.30 as Demand Recovers – Is a Breakout Near?
By: fxleaders|2025/05/07 15:30:02
0
Share
Trade Setup For those looking to get on the trend: Entry: Long above $60.00 targeting $61.30. Stop-Loss: Set stop below 50-hour EMA at $58.60. Take-Profit: Next resistance at $61.30 for a good risk reward. But if WTI fails to break $60.00, a pullback to $58.20 or even the lower channel boundary at $57.70 is possible. Final Thoughts WTI crude oil is up on trade optimism and supply tightening, the next few days should see some volatility as traders react to US-China talks and production cuts. For now, the path of least resistance is up and $61.30 is the next target for bulls.
You may also like
Reduced to a hacker's ATM yet standing tall, the theft of Venus reflects the awkwardness of DeFi
After experiencing over $100 million in bad debts in at least four incidents, Venus remains the leading player in the lending sector on the BNB Chain, making it a rare "survivor" in the crypto space.
Under geopolitical conflicts, a policy window has opened. Can Hong Kong seize this wave of RWA opportunities?
The RWA wave sweeps the globe: the scale of on-chain real assets surged fourfold in one year, exceeding 25 billion USD. Hong Kong, backed by the mainland's "going out" policy window, is accelerating the tokenization process of physical assets from entertainment to real estate.
For Web3, this time Cai Wensheng is determined to get his hands dirty
This industry has experienced too many undignified endings; a bull market and a recovery cannot solve the problem. In the end, it will rely on projects that truly succeed and ecosystems that are genuinely established to win a dignified victory for the crypto OGs.
Ethereum Foundation Sets Up a "Dead Man's Switch," Will the Community Buy It?
The Ethereum Foundation's Manifesto Has Torn the Community Apart: Punk Idealism or Disconnect from Reality?
ConversationArthur Hayes: AI Will Spark Financial Crisis, Wait for Central Bank Money Printing Before Buying Bitcoin
「War Means Printing Money, and Printing Money is Good for Bitcoin」
From Power to Chip: How the Average Person Can Participate in the Wealth Opportunities of the AI Era
Everyone is talking about AI applications, but the real money-maker is the person selling the "shovel."
Venus Exploit Post-Mortem: How to Profit in a Flash Loan Window?
Due to Venus's own vulnerability, someone was able to borrow real money using "fake money."
Oil Price Surges, Inflation Rekindled: Will the Fed's Next Move Be a Rate Hike?
Affected by geopolitical conflicts and surging oil prices, renewed inflation concerns have arisen. Currently, the derivatives market is pricing in a 25% probability of a rate hike this year.
The Rise of Crypto Passive Income: How Auto Earn Unlocks the Hidden Value of Idle Crypto
Discover how Auto Earn helps investors turn idle crypto into crypto passive income. Learn why Auto Earn is becoming a popular strategy in the evolving Web3 economy.
Tron Industry Weekly Report: Risk aversion intensifies but Strategy increases BTC holdings, detailed explanation of the Agent payment protocol PAN Network based on x402 and ERC-8004
TRON Industry Weekly Report
March 16 Key Market Intel - A Must-See! | Alpha Morning Report
1. Top News: Crypto Market Initiates Morning Rebound, Bitcoin Surges Past $73K, Ethereum Surpasses $2200
2. Token Unlock: $ARB
Google's biggest acquisition ever, why Wiz?
Cloud War, Extremely Costly.
「1011 Insider Whale」 Agent Garrett Jin: After the Houthi blockade, who will run out of steam first?
Vulnerability Assessment of the Seven Kingdoms.
Vitalik Revisits Ethereum Beacon Chain Architecture, Claude's Off-Peak Transaction Limit Doubled, What Are English-Speaking Communities Discussing Today?
In the past 24 hours, what was the most concerning issue for foreigners?
$90 Million Black Hole: War, Power, and the Crypto-Tragedy of the Middle East
$90 Million Burned, Not Stolen, in Apparent On-Chain Political Cleanup Action.
The price difference exceeds 50%, and the pre-market arbitrage market for cryptocurrency stocks will become a new business in the crypto bear market
In a bear market, what to Buidl? Besides having a counter-cyclical mindset, one must also find the "cracks" in existing services.
How to Trade Crude Oil: Market Volatility Creates New Opportunities for Crypto Traders
Oil prices are back in focus as geopolitical tensions and supply shifts reshape global markets. Learn how crude oil trading works and explore a $30,000 trading campaign on WEEX.
OpenClaw and AI Bots: From AI Trading to BTC Liquidations in the Crypto Gold Rush
AI crypto trading bots like OpenClaw and AI trading apps are reshaping digital markets. From BTC liquidations to crypto bubble charts, automated trading is expanding alongside free crypto airdrops, affiliate programs, LALIGA partnerships, and tokenized gold markets.
Reduced to a hacker's ATM yet standing tall, the theft of Venus reflects the awkwardness of DeFi
After experiencing over $100 million in bad debts in at least four incidents, Venus remains the leading player in the lending sector on the BNB Chain, making it a rare "survivor" in the crypto space.
Under geopolitical conflicts, a policy window has opened. Can Hong Kong seize this wave of RWA opportunities?
The RWA wave sweeps the globe: the scale of on-chain real assets surged fourfold in one year, exceeding 25 billion USD. Hong Kong, backed by the mainland's "going out" policy window, is accelerating the tokenization process of physical assets from entertainment to real estate.
For Web3, this time Cai Wensheng is determined to get his hands dirty
This industry has experienced too many undignified endings; a bull market and a recovery cannot solve the problem. In the end, it will rely on projects that truly succeed and ecosystems that are genuinely established to win a dignified victory for the crypto OGs.
Ethereum Foundation Sets Up a "Dead Man's Switch," Will the Community Buy It?
The Ethereum Foundation's Manifesto Has Torn the Community Apart: Punk Idealism or Disconnect from Reality?
ConversationArthur Hayes: AI Will Spark Financial Crisis, Wait for Central Bank Money Printing Before Buying Bitcoin
「War Means Printing Money, and Printing Money is Good for Bitcoin」
From Power to Chip: How the Average Person Can Participate in the Wealth Opportunities of the AI Era
Everyone is talking about AI applications, but the real money-maker is the person selling the "shovel."
App