WTI Cash (or Spot) ContractWTI Cash (or Spot) ContractWTI Cash (or Spot) Contract

WTI Cash (or Spot) Contract

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WTI Cash (or Spot) Contract forum


WTICOUSD up up and away. not much in the news to cause this spike, so would suggest this is market sentiment and euphoria taking over

USOIL nice retest, you can clearly see the order block at 61.67 on 4h, 64.87 is pending
Snapshot

WTICOUSD be mindful that we have US data released today at 1:30PM GMT so may accumulate before then. Neither London open or 9am has shown much conviction in direction.
Edit: bit of a move below daily open but small pips

USOIL
🔴Resistance: 63.31
🟠Pivot:62.18
🟢Support: 60.79

Bias: Bullish/buying dips🦬🦬
Preference: long above 61.53 with targets of 62.58 and 63.31📈

Alternative: short below 63.31 into 62.00 and 61 handle 📉


USOIL US/OIL Bullish Now 62.02
Targets Point 65.00
keep up strongly hold guy's


WTICOUSD we seem to be continuing the bullish narative today. However be mindful of the 9am GMT sell off that can often occur.
Snapshot

USOIL nah, this just created another bullish pressure zone at 61.67 with the market open, if 62.71 - 62.77 holds, it is going for the swing high

USOIL 62.50 rejection triggers a drop to 60.65 and if it doesn’t hold up 60.60 we headed towards 59.60
🟢Buy positions from 59.69-60.60
🔴Short positions above 62.00 ideally 62.50-62.65