USOIL Don't miss any market news! 📈wixmarket.com/metall
WTI Cash (or Spot) Contract forum
USOIL Don't miss any market news! 📈wixmarket.com/metall
SPOTCRUDE What a week !! Looking forward to continuation.Have a great weekend my people !!
WTI Tricky Situation:On the Hourly, we have a new S&R Zone and the last two candles formed a Tweezers Top (for having the same price high with their upper wicks) to create a Resistance Line.
Price action will either drop below the thin S&R Zone for a continued descent OR the candles can consolidate along the Zone.
Adding to the confusing mix of potential scenarios is that a BIG move is still coming from the Double Inside Day pattern, that can be to the upside/downside.
WTI We've go an imperfect-looking Double Inside Day on the Hourly that is in Bearish Market Bias. So, watch for a BIG move to come.
USOIL Does anybody remember what a wild ride trading oil used to be? It was pretty standard and normal to see fluctuations of 2-3% in a day. On a big day, it could be 7-10%. This is 💩
USOIL $68.50 target tonight , one more leg down
USOIL the second leg of this gigantic W pattern forming now can go anywhere between 69.54-69.73, could extend to 69.88 but seems questionable
USOIL Profit realized by shorting on rebounds.Idea: USOil:Profit realized by short…
USOIL testing major support at 68.97 if it holds back up it goes, if it does not bearish momentum will take over to 67.60 next weekWTI What's Below?On the Hourly, the bearish descent can potentially head towards the Swing Low to breach it with a candle close at 68.395 or lower. Below it is a thin S&R Zone (that starts at 67.895).
After a coming retrace, the descent can resume because the Bearish (directional) Market Bias was reinforced from the bears crossing past two Swing Lows earlier.
