USOIL Most people think it's gonna fall further. But I think it's gonna reverse from here.US Crude Oil CFD forum
USOIL Most people think it's gonna fall further. But I think it's gonna reverse from here.
WTICOUSD Switching to the 4-Hour, the candles are still consolidating within a tall Inside Day pattern. You can see that the bears may be attempting a breakout at the pattern's low of 64.128 (shown as an orange line). If it's a true breakout, then the bears will drop down even more. But if a fake breakout, then a bearish candle will resist it with its lower wick and the bulls can head back up towards the Swing High of 65.849 (shown as an orange line) for a a true breakout.
WTI finesse time 🤣😉WTI pullback timeWTICOUSD On the Hourly, a bullish retrace can rise up towards the Bearish Trendline (in red dotted line towards 65.125) to either resist and drop back down OR cross above and to the right of it. Watch carefully.If the bulls break the Bearish Trendline, then the market bias would flip from bearish to bullish. The most profitable moves would then be to the upside.
USOIL 60 dollars. It's the attainable dream.
USOIL Big downside expected .USOIL Sell crudeoil at cmp 64.25 Tgt 63.50WTICOUSD On the Hourly, if this bearish candle breaches the Swing Low of 64.598 with a candle close past that price, then more moves down. But if no candle close past that price and rejects it with its lower wick, then the bullish rally can begin.
USOIL And we start 🫶🏻🤠🫵🏻