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West Texas Intermediate Crude Oil Fut CLN5 Exp 12/06/2025 23:59West Texas Intermediate Crude Oil Fut CLN5 Exp 12/06/2025 23:59West Texas Intermediate Crude Oil Fut CLN5 Exp 12/06/2025 23:59

West Texas Intermediate Crude Oil Fut CLN5 Exp 12/06/2025 23:59

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West Texas Intermediate Crude Oil Fut CLN5 Exp 12/06/2025 23:59 forum


FinnishScalper
XTIUSD looks like we drop to area 63.5 and then there is trendline question breap down or pullback up
beyond50
USOIL Looking at the Hourly some more, it is in Bullish (directional) Market Bias. Price action is teetering on the edge of crossing the Bullish Trendline (in green dotted line) to its right and down. It won't take much for that to happen, which flips the market bias from bullish to bearish with the most profitable moves to the downside, towards 63.87, the low of the Inside Day's pattern for a breakout.

This is like "on the edge of your seat" kind of uncertainty to break through the Bullish Trendline or not.

A new S&R Zone just formed with candles consolidating from the Popgun pattern that makes See-Saw swings. The last swing to play out is an up move.

If the bulls rally above the three-tiered S&R Zone, they can rise above it, towards the High of the Inside Day at 64.80 for a breakout, which is also the Swing High price level.
Snapshot
beyond50
USOIL Heads Up!
A Triple Inside Day showed up on the Hourly chart, so a very BIG move is on the way.
Snapshot
dodgeFXX
USOIL easy target 61.50 (sell here)
SL 65.20
Current price 64.49
USOIL From the hourly chart of crude oil, the short-term support is in the 63.4-62.3 area. The short-term resistance above is in the 65.2-66.5 area;
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beyond50
USOIL Tricky Situation!
On the 4-Hour timeframe, it's in Bullish (directional) Market Bias with the Bullish Trendline (in green dotted line) nearby. Typically, price action moves towards a trendline, attracted to it like a magnet to cross. If that happens, then the market bias flips from bullish to bearish for profitable moves to the downside - towards the S&R Zone below (that starts at 62.98).

On the other hand, the last two candles on the 4-Hour chart shows a Tweezers Top, where their highs have the same price at 64.76 to create a Resistance Line. That line can be respected by future candles or a bullish one can breach it for more moves to the upside and break through the Swing High of 64.83 and go higher. Historically, WTI Crude Oil tends to break through a Tweezer Top.

Also, an Outside Day pattern printed earlier, which signaled that after this bull run is over, we'll see an immediate retrace to the downside.

*Side Note: On the Hourly, a Popgun pattern showed up, which means that we'll see erratic swings to come that moves like a See-Saw - a form of complex consolidation. Will this help the candles to move towards the Bullish Trendline and cross to the right of it, then drop on the 4-Hour timeframe? We'll see.
Snapshot