US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)US WTI Crude (Spot) (XTIUSD)

US WTI Crude (Spot) (XTIUSD)

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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


OILUSD Always good to see anyone’s input
That’s what this space is for to share ideas
10 minds are greater than 1 ! 🚀

USOIL I wanted to ask people around here if my analysis is helping or disturbing them ?

USOIL It's an imperfect Double Inside Day that showed up on the Hourly. A BIG move is coming, either during the remainder of the New York session or in the After Hours.
Snapshot


USOIL We are witnessing a possible breakout with risks of it being a fake out due to the Bearish FVG sitting above at 63.99.

Expect some retracement/pullback due to an overbought market to 62.83-62.63 before a bounce back.

If 62.63 doesn't hold up we will see testing of 62 handle (61.71 and 61.93)
Snapshot



USOIL for the past hour this is consolidating within a bullish flag with a measured move towards 65.00-65.20