HELLO TRADERS
Hope everyone is doing great
📌 A look at USOIL from MULTI TIME-FRAME ANALYSIS
🎯 CRUDE OIL INVENTORIES TOMORROW
- 7th Aug release was more than expected which meant weaker demand and was bearish for crude prices. The same can be said if tomorrow a decline in inventories is less than expected.
USOIL 4H TF
* Friday & monday where strongly...
Momentum has clearly been in favour of bears over the past week for WTI traders, but given it has fallen over 10% from the January high it could be argued the move is oversold (at least over the near term).
A doji formed on Monday to show bears are losing their grip, and the fact it is forming a base above the 2023 open price and $72 handle adds to the case for...
