WTIUSD| USOil ON A BULLISH ASSIGNMENT
US oil finally repriced to go higher...
Confluences:
Expectation:
Us oils will be price higher by the smart money to draw to the draw on liquidity.
Conclusion:
we have a bullish bias for this week and beyond
Confluences:
- A sweep of liquidity below a weekly low
- smartmoney Trapping retail bullish orders on the weekly with a failure swing
- expansion to the upside creating a bullish mss / smartmoney institutional price swing/ Bullish Open float
- Price traded I to the discount of the price swing and expanded to create equal highs.
- smart money traded lower to trapped retail resistance traders
- The smartmoney engineered liquidity below a short term low to take the price higher to a HTF premium array which is the draw on liquidity highlighted in the chart above.
Expectation:
Us oils will be price higher by the smart money to draw to the draw on liquidity.
Conclusion:
we have a bullish bias for this week and beyond
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.