Get started
WTI Crude Oil CashWTI Crude Oil CashWTI Crude Oil Cash

WTI Crude Oil Cash

No trades
See on Supercharts
Overview News Ideas
Discussions
Seasonals

WTI Crude Oil Cash forum

๏ปฟ
M_Qman
USOIL running in 140 pips profit. HSR did his job. i will sell out soon.
Snapshot
beyond50
USOIL The Hourly that is in Bearish (directional) Market Bias shows continued consolidation within the newly formed S&R Zone.

An Outside Day pattern appeared earlier, so with this Shooting Star that may be pivoting downwards, a next and likely candle to form would drop below the S&R Zone and head towards another S&R Zone below (that starts at 62.29). But if the bulls rise above the Zone they're in, then they can go up, towards the Swing High of 64.15.
Snapshot
TiffanyD
USOIL respecting the rising wedge pattern, seems like it wants to complete it at 65.00 before breaking down
Snapshot
beyond50
USOIL The 4-Hour remains in Neutral (directional) Market Bias, while the Hourly and Daily are both bearish.

After a rally with some minor consolidation along the Bullish Trendline (in green dotted line) for the last 7 candles, there has been no "clearing" to the right or left of the trendline, putting the timeframe in Neutral Market Bias.

We'll see if the bears will have any follow through in moving to the right of the trendline and drop down as a Two Bar Reversal pattern, flipping the market bias from neutral to bearish.

Below is the Swing Low of 61.73 for the bears to breach and go even further towards the Swing Low of 59.84.
Snapshot
beyond50
USOIL Heads Up!
A third Double Inside Day just showed up again on the Hourly chart within the last 24-hours. Watch for a coming, BIG move.
Snapshot
USOIL Although technicals suggest that WTI maintains a short-term bullish trend above $63.06, the overall situation remains fragile. Trade tensions, Fed credibility issues, and developments in Iranian supply all pose potential headwinds. Unless WTI decisively breaks above $64.18, we tend to be cautiously bearish, especially if risk aversion in financial markets deepens.