USOIL if OPEC decides to increase output by more than what’s been in news over last few days , market would open lower than the closing price on Friday.CFDs on WTI Crude Oil forum
USOIL if OPEC decides to increase output by more than what’s been in news over last few days , market would open lower than the closing price on Friday.
WTICOUSD hold onto your hats for Sunday night open.For all those celebrating 4th July. have a great day and enjoy the fireworks.
financialjuice.com/News/9022031/OPEC-seeks-to-further-accelerate-oil-output-hikes-at-meeting-on-Saturday-and-release-more-than-411000-bpd---Three-Sources.aspx
USOIL Brilliant Play!I have to hand it to the market makers, they know how to create levels of uncertainty. Check out the Hourly chart that is in Neutral (directional) Market Bias:
- After two Pivot Lows were breached earlier, the Bearish and Bullish Trendlines (in red and green dotted lines) came together as an Equidistant Triangle, which is significant when the trendlines form a pattern. That kind of triangle means that price action can go above/below the triangle.
- Lots of consolidation again after the bearish drop. It's now in a market pause from the Inside Day with no clear direction. Breakout can be from the pattern's low at 66.01 or high at 66.56 (shown as two orange lines).
- And, a new S&R Zone formed, so price action will either rise above it towards the Swing Highs of 66.99 and 67.05 to breach OR drop below the Zone for a breakout from the Inside Day's low of 66.01 (shown as an orange line) and go down more.
Very wily! Bravo to the algorithms that set this up. This looks manipulated to me.
USOIL going to be interesting what the outcome of opec is going to be. you got people shouting its going to rocket but dont realise the impact opec have over the market you could be kissing that rocket goodbye
OILUSD w pattern/ cup and handle in play on tbe daily time frame , nice ride to the upside coming next week 🚀 Good weekend to all !
OILUSD big rocketship coming!USOIL my understanding is OPEC will surprise everyone !WTICOUSD note OPEC meeting date change to 5th Julyforexlive.com/news/opec-meeting-has-been-moved-to-saturday-5th-of-july-due-to-ashura-holiday-20250704/
WTICOUSD listening to the news... there are bearish tones in the market. Continued discussions around nuclear power with Iran. Continued concerns with I think it will test the lows of the range we came from but we need to see if it will break back into the range first. I am targeting the break and retest from previous months S&R. Remember US holiday today for 4th of July. Be mindful of your trades over the weekend with OPEC meeting. Also am playing with a nice little indicator from LuxAlgo, it looks quite cool and so much nicer than the standard TV candles.
Also, note that I am on WTI which currently sits at about 70c above USoil
