Oil - Crude (WTI) forum
USOIL i just donated a good 200$ to the market accidentally put in a buy and just knew I was in the money, only to be in a measly buying position 😭
USOIL anything below pivot at 69.45 indicates continues selling pressure targeting 68.25 with final destination at 67.06. Above pivot levels target resistance at 70.32, potentially 71.26
WTI Looking at the 4-Hour, price action has been consolidating for nearly 20 hours to form a S&R Zone within an Inside Day pattern for a market pause.The wicks of two candles have already rejected the pattern's low at 68.595. If the bulls manage to rise above the S&R Zone, they can break out at the Inside Day's high at 70.065.
*Side Note: When you look closely at the 4-Hour chart, there are two Swing Lows (at 68.555 and 68.365). Typically, when 2 - 3 Swing Lows form (as shown as dark purple lines), the market is ready to go up and form 2 - 3 Swing Highs, then go down later to breach the Swing Lows. We'll see if that happens.
USOIL Hoping for that retest at 69.800
WTI After 19 hours of consolidation, the Hourly is due for a BIG move. The 1-Hour timeframe is aligned with the 4-Hour and Daily to all be in Bearish Market Bias.The bears just rejected the Swing Low of 68.595, while the bulls have to deal with crossing a new S&R Zone that was added, making it a three-tiered Zone. If they can't go through it, then back down again.
A channel has been created with both the Swing Low and Swing High at 69.185 and the candles have been moving under the Resistance Zone formed by yesterday's very tall bearish candle (from its midline to high).
We'll see where the BIG breakout happens - either at the Swing Low or Swing High.
SPOTCRUDE It’s Wednesday, and as usual, they’re driving the price to a more discounted level ahead of the Oil Stock Change news. This is a clear buy opportunity.
USOIL In Support Zone 68.82-68-43Here Is Support We Can See Upside Momentum From This Level Be Carefull With Short USOIL Try To Enter Buy Side In This Zone.
Succes Is The Sum Of Small Efforts Repeated Day In And Day Out.
OILUSD greedy bears about to get destroyed 💀🔥🔥
USOIL i shared USOIL analysis, go and check now.
USOIL USOIL Intraday Trade Setup
Buy Trade Idea
Entry: 68.68
Stop Loss: 68.00 (Below daily 78.6% Fib)
Take Profit 1: 69.20 (50% Fib retracement)
Take Profit 2: 69.60 (38.2% Fib confluence with R1)
Reason: Entry aligns with daily 61.8% Fibonacci support and strong demand zone from previous swing low.
Sell Trade Idea
Entry: 69.64
Stop Loss: 70.30 (Above 23.6% Fib pivot)
Take Profit 1: 68.90 (50% Fib pullback)
Take Profit 2: 68.40 (61.8% Fib + S1 confluence)
Reason: Resistance at daily 38.2% Fibonacci level overlapping with prior swing high rejection zone.