USOIL day 2 of missing JaferkCFDs on Crude Oil (WTI) forum
USOIL day 2 of missing Jaferk
WTICOUSD we seem to be continuing the bullish narative today. However be mindful of the 9am GMT sell off that can often occur.
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
USOIL you have multiple rejections at 61.94, this is making the classic bearish peannut on 1h, some deeper correction towards 60.20 is coming
USOIL Crude Oil price today: WTI price bearish at European openingWest Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.53 per barrel, down from Monday’s close at...
USOIL You need to refer to this strategyIdea: USOIL Today's strategy
USOIL Heads Up!The Hourly that is in Bullish (directional) Market Bias printed a Double Inside Day. So, a BIG move is coming.
A new S&R Zone formed from consolidation with the last four candles. They are also still tethered to the low of the Inside Day pattern at 61.90, so no breakout from there yet. The bulls may heads for the pattern's high at 63.37 to do a breakout and show true direction.
USOIL Bullish leg in the making double top on daily retested the 63.50 once again,tomorrow should pierce through it 65-68 incoming Brent will hit 70 soon.No signs of bearish drop back yet if it does 59-60 worst case 57-55
USOIL A. This chart below is showing the bigger bearish picture.
B. We see the bulls attempting to breakout of this region but its faced with a MAJOR RESISTANCE at 63.68.
C. If bulls are able to remain persistent and gain momentum to break the 63.68 resistance, we might see new swing high of 67.46
D. It seems like we want to test neckline before the next big move. The neckline is also the pivotal point sitting at 61.53
E. If neckline fails to hold we are mostly guaranteed to see 58.22 and this one here is a SOLID SUPPORT.
F. 55.36 is the current swing low acting as a floor at the moment and last line of defence for the bulls.
