USOIL Perfectly reached the target range. Did you follow the precise instructions this time? Oil prices fell sharply due to the news. I announced a new tip four hours ago, and it was all Idea:USOIL: Energy channel sanction…
I hope everyone can always have some good trading results. If you don't reach this point, then keep paying attention to the real-time content of the analysis circle. Prevent missing new trading opportunities. And the latest trading analysis. WTI USOILWTIWTI1!
WTI Switching to the Daily, the bearish candle still forming is doing a breakout from the Inside Day pattern that is market pause (shown as two, orange horizontal lines).
The bears can head towards the top of the S&R Zone below (that starts at 68.658) or go further to breach the Swing Low at 68.365.
Nearby is a Bearish Trendline (in red dotted line). If later this week there is a reversal to the upside, the bulls can cross the trendline and flip the market bias from Bearish to Bullish.
*Side Note: A giant, Extended W-shaped pattern is forming. It is one of three types of W-shaped patterns that can develop near a Swing Low.
Also, the same kind of drop is happening on the Gold and Silver side.
WTI Wow! We had another Double Inside Day pattern form on the Hourly for this 2nd big drop. It started to look like a Morning Star forming, which fooled us. It was a sneaky Double Inside Day that formed in the last minute, then BAM!
USOIL West Texas Intermediate Oil price continues its upward momentum for the second consecutive day, trading around $70.90 per barrel during European hours on Tuesday. Crude Oil prices are rising as fresh United States sanctions on Iran’s Oil trade heighten concerns about tighter global supply.