WTICOUSD The Hourly has a new S&R Zone that the candles are congesting within.
The previous two candles have lower wicks that rejected the low of the Inside Day for a breakout.
With more of a consolidation to the right and if the bulls rise above the Bearish Trendline (in red dotted line), the market bias can flip from bearish to bullish for the most profitable moves to be to the upside.
There's still no clear direction yet while the candles are consolidating.
USOIL According to my meticulous analysis of the Western Honey Bee, Oil price has dropped with exuberant conviction, providing me with a cornucopia of wonderment and satisfaction. It's tea time! (Or maybe coffee)
USOILSPOT I personally don't feel it will go more down as it has touched one of the key support levels as I had expected. And if it falls further below, we have another support at 63.7.
Rest I believe it will go up and up according to my chart analysis on HTF.
OIL_CRUDE Market is yet indecisive, we are consolidating before a major move. Currently my trades are as follows: shorting under 65.80 and going long under 65.00.
Right now I’m in long position @64.80 targeting 65.50 TP1, 65.80 TP2 and 66.50 TP3.
USOIL Trump: Stop the war, or else! Putin: Or else what? Trump: Or else! Putin: Or else what? Trump: ummm, or else I'll punish my people with even more import taxes. Putin: Excellent idea, comrade.
WTICOUSD In support of bearish trend. Both London and New York maintain resistance. Price will need to push above $67. US Data showed some level of weakness. Increasing the chance of reduced demand. In support of Bullish price. We are at critical support. Below this point it has already been reported that oil production is at a loss. Russian sanctions may provide some level of reaction and bullish price, but seem to be muted in respect of the current amount of supply. At close of day we must be above 79% fibs of this current retrace, else price will breakdown further. Good luck regardless of your bias.
WTICOUSD The Hourly has a new S&R Zone that the candles are congesting within. 
