USOIL Sell Crudeoil at cmp 67.85 Tgt 67 SL 68.50US Light Crude forum
USOIL Sell Crudeoil at cmp 67.85 Tgt 67 SL 68.50
WTI On the Hourly that is in Bearish Market Bias, the bulls are struggling. They are going against the strong Resistance Area of the previous, very tall bearish candle's midline (at 66.923) to high (at 67.615) as shown on the chart. There's also the S&R Zone to cross.If the bulls can't go above the S&R Zone and do a candle close at the Pivot High (of 67.615 or higher), then back down it goes. But if they do, then there's another S&R Zone to cross that's right above it.
USOIL volume is increasing, careful if you are shorting
WTICOUSD london high not taken. going down.
USOIL called it before anyone
WTI Reminder: The three currents of the Hourly, 4-Hour, and Daily are all aligned to be in Bearish Market Bias. So, their combined flows is like a Waterfall.
OILUSD Americans selling again 🐷USOIL watch how oil reacts around 68.18 and 68.34 if rejected it is a good short entry for 66.59, if not it has to reach long target of 69.88 tomorrowWTI The 4-Hour and Daily are showing more of a rejection of the Swing Lows (of 66.775 and 66.695) from their lower candle wicks. So by going through the different timeframes, here are the prices for a proper, bullish retrace through Mean Reversion:67.812 - Based on the Hourly
68.770 - Based on the 4-Hour
70.327 - Based on the Daily
USOIL Looks like Crude is preparing for a reversal.