Tesla Trade Update & Crude Oil Short Setup | Trade of the Week

Join us for this week's trading analysis where we review our ongoing Tesla position and explore a compelling new setup in crude oil. We begin with an update on last week's Tesla long position, entered at $417.00 following an ABC correction pattern. While the trade remains active with our stop-loss at $373.10, we've seen some downward movement since entry.

The main focus this week shifts to crude oil, where recent bullish momentum has pushed prices toward significant resistance levels. Despite breaking through the downtrend line, WTI crude is approaching a crucial zone around $78.00, coinciding with previous highs from November and December 2024. Our technical analysis suggests a potential short opportunity as prices test this resistance area.

We outline a precise trading strategy for WTI crude oil, complete with entry, stop-loss, and target levels. This setup offers an excellent risk-reward ratio for traders looking to capitalise on potential price rejection at resistance.
Whether you're an experienced trader or just starting out, this analysis provides valuable insights into market structure, technical patterns, and practical trade management. Don't forget to like and subscribe for more weekly trading opportunities and market analysis.

#trading #crudeoil #Tesla #technicalanalysis #financialmarkets #TSLA #WTI #investing

Chapters:
00:00:00 Introduction
00:00:28 Tesla Trade Review and ABC Correction Analysis
00:00:52 Tesla Position Status Update
00:01:21 Crude Oil Market Overview
00:01:40 Weekly Chart Analysis: Crude Oil Trends
00:02:10 Key Resistance Levels in Oil Markets
00:02:29 WTI Oil Trade Setup and Strategy
00:02:41 Trade Details: Entry, Stop Loss and Targets


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