CFDs on Crude Oil (WTI) discussion
OIL_CRUDE hmmm...so whats the plan here? did NOT trade anything. Did anyone?? NOO movement, doh.....(Homer Simpson noise)
SPOTCRUDE This fall is all about liquidity... before election.. once election finish, you will see sky rocket of crude.. as usa administration not planning attack before election. big player are loading quantity.... 🥱🤚🤚🤚
OIL_CRUDE Not tradable today...
OIL_CRUDE SELL order TP : 65.3
WTI A Two Bar Reversal is forming on the Hourly, which signals a reversal to the downside. The second candle within the pattern is also a Trend Bar to show great conviction about its bearishness. The bearish candle forming is part of the retrace from the Outside Day pattern. When a Two Bar Reversal shows up at the top of a rally, another bearish candle is likely to form in the new hour and can potentially head towards the Swing Low of 67.284. Will it breach it? We'll see. If not, then back up it goes.
The Two Bar Reversal has formed within the fanned out Bullish and Bearish Trendlines. We still have a Neutral Market Bias. I like to stay out of trades until a directional bias has been established.
USOIL I sense exhaustion in Israeli rhetoric from the podium. Could a ceasefire be near? You heard it here. First by me. Making stuff up. 😎SPOTCRUDE buy every dip and hold
USOIL If it doesn't go up soon, then 65 it is.
USOIL anyone thinks it will hit 77 anytime soon ?WTI The Hourly is in Neutral Market Bias from the fanning out of the Bullish and Bearish Trendlines (in red and green dotted lines. An EXPLOSIVE start of a bullish rally is trying again to cross the Bullish Trendline (in green dotted line) to flip the market bias to Bullish Market Bias.
A W-shaped pattern is forming.
In the last hour, an Outside Day pattern formed to inform that erratic and volatile moves coming. Watch for either a bullish/bearish candle; follow it to its end run, then a retrace is the last move.
