Light Crude Oil Spot discussion
USOIL it will fall further don't buy still bearish
USOIL >> 73.10 >> Possible 72.30 >> 77.90
WTI Expecting a downward move towards $73.24 on 2H frame
WTI Important Update: Saudi Arabia, Qatar, the United Arab Emirates, Bahrain, and Kuwait have declared "neutrality" and will NOT allow the U.S. to use their air bases to attack Iran.Since the attacks against Israel on October 7 last year, at the very least, forty-one-thousand men, women and children have been killed in the Gaza Strip from Israel using fighter jets to drop 2,000 pound bombs on apartment buildings, schools, hospitals and refugee camps.
Just this past week, authorities in the Gaza Strip stunned the world when they pointed out that almost all of the bombed structures remain flattened piles of rubble into which rescuers cannot go because of the ongoing bombing, and the severely degraded surrounding infrastructure. As such, they say, it is now entirely feasible that the number of dead is actually between two-hundred thousand and three-hundred-thousand!
They just don't know because they can't sift through the rubble.
The Situation caused the country of South Africa to bring a lawsuit to the International Court of Justice (ICJ) at the Hague, in the Netherlands, charging Israel with Genocide.
*Side Note:
Lebanese Foreign Minister Abdallah Bou Habib claimed that on the eve of his murder, Hezbollah leader Sheikh Nasrallah accepted the offer of de-escalation and a ceasefire, but was soon killed by the Israeli airforce.
USOIL our Target done yesterday buying 6300 target check privious post for more info 8103623738 whtsupWTI Unbelievable! The market closed to form a Double Inside Day that signals an EXPLOSIVE move coming for when the market opens again. The Hourly is in Bearish Market Bias and a parabolic move to the downside with a giant bearish candle just formed. It's possible that the opposite may happen with a very broad bar or a long series of candle bars trending in one direction.
USOIL Take note that the last two election years, Oil had negative returns for Oct, and very positive returns for Nov and Dec, regardless of the winning party.
USOIL All trades closed have a great weekend!