USOIL Oil prices dipped in Asian trading on Wednesday, pausing a four-day rally fueled by a U.S.-China tariff truce and soft inflation data, as investors weighed an unexpected rise in crude inventories from an industry report. Markets’ focus was also on U.S. President Donald Trump’s trip to the Middle East, which saw Trump vowing to remove sanctions on Syria, while increasing pressure on Iranian oil exports.
XTIUSD **Entry 📈**: "The vault’s open! Await the MA breakout (64.00), then strike—bullish riches await!" Pro tip: Set buy stop orders above the Moving Average or place buy limit orders at the latest 15/30-min swing low/high for pullback entries. 📢 Set a chart "alert" to catch the breakout moment!
**Stop Loss 🛑**: "📣 Heads up, crew! 🗣️ For buy stop orders, hold off on placing that stop loss until the breakout sparks 🚀. Stick to my marked spot 📍 or go rogue at your own peril 😎—it’s your gamble! ⚠️" 📍 Bandit SL set at the recent 3H swing low (60.00) for swing trades. 📍 Adjust SL based on your risk, lot size, and number of orders.
**Target 🎯**: 70.000 or bail out before the finish line.
USOIL Is This Manipulation? Looking at the Daily, a continued bullish thrust is when the most recent bullish candle closes past the high of the previous candle.
Also circled in orange is the second case where the tall bullish candlecandle closed a hair's breadth under the high of the previous bearish candle. The first case can be seen with the two candles below that's circled in orange.
Is this manipulation? Very possible. It would be to keep you wondering if the bulls can reach the Swing High of 64.83. Based on the last two candles, there would be a struggle to do that. We may either see consolidation or a top of the rally reversal pattern form.
USOIL The Hourly that is in Bullish (directional) Market Bias had two recent developments nearing the end of the New York session: a Double Inside Day to let us know a BIG move is coming AND a thin S&R Zone formed.
On the chart, you can see that the bears are dropping below the S&R Zone. A continued move to the downside would be a retrace to around 62.96, then back up again because the Hourly is still in Bullish Market Bias.
We'll see if that new S&R Zone will prevent any bullish moves to the upside.
WTICOUSD huge build on US oil unofficial inventories wiping out last weeks draw, but also a large draw of inventories for Distillate, Gasoline and Cushing. I'll be travelling when the figures come out. So do be cautious tomorrow. I would say that we are reaching premium zones, ripe for the odd sell off. Traditionally driving season increases demand. Let's see if that is true now. oilprice.com/Latest-Energy-News/World-News/Oil-Bulls-Balk-At-Surprise-Crude-Oil-Inventory-Build.html
USOIL Oil prices dipped in Asian trading on Wednesday, pausing a four-day rally fueled by a U.S.-China tariff truce and soft inflation data, as investors weighed an unexpected rise in crude inventories from an industry report.
