West Texas Oil forum
USOIL Trading pyschology: Why is it that the price of an asset goes down a lot in one day, the impulse is to buy immediately, and not wait for a proper reversal signal? It is because of the human condition to believe that whatever is happening right now will continue happening. Humans by nature need continuation and actively seek it. For example, if just a day ago, oil was at 73 and today it is 70, this seems like a bargain to us because our brains are seeking continuation, if it was 73 yesterday, it will be 73 again relatively soon. This is dangerous when trading, as we all know, but it is interesting how we can know something to be true and acknowledge the reasoning yet behind why, still do it
USOIL 65 here we come. it looks like this will range between 65 and 78 for the rest of the year when it completes a descending triangle 📐
USOIL Check this Target🎯🎯😎 tradingview.com/x/gbAKj6PY
USOIL Here's some technicals to digest,ive always been a bull in the oil markets I prefer it.It is looking clear where we're heading 66/64s
Judging by candlesticks the past 2 weekly candles are more or less in a range closing lower and lower in dojis showing signs of bearish momentum (Bears are taking it)
The daily also kinda sideways making LH and LL
This is still one leg from the weekly still forming wether itll be a LL or a HL well have to monitor closely as oil loves to make HL it could wick to the low 64s and back up
Hold tight bulls our time will come to grab that 80/90s again.
USOIL Start going long next week and your account will easily make a profitIdea:USOIL: An Upward Trend Is Immi…
USOIL Crude below 70.50 As I told . Next Tgt I will post.
OILUSD Next Target 180🚀🚀🚀🚀🚀
USOIL i needed to correct the lines in 1 h and 1 min chart. so the rope is still there! we just dipped in this area right now. classic tradingview bug...hope not over yet
WTI Bearish delux. bulls gonna step in now,or?
USOIL these blue lines are my last rope.if the next hour candle closes under that Trends, bears can show their potential ;)
but if we pump from here, we get a new high next week i guess
