WTI Light Crude Oil forum
WTI Trading Tip:On the Hourly chart, you can see that the tall bullish candle has strong forces of Support that creates a Zone, from its midline to low - based on Japanese Candlestick Analysis. The bears have to go against this if they want to drop down lower than the tall bullish candle's Support Zone. It's equivalent to a Gap Up as strong Support that keeps price action above the Gap until it gets closed.
USOIL I can tell you it will push higher.
USOIL also chinese exports imports data could really throw a wrench at this bull run if it’s a missUSOIL EIA report should take this one back to 75. Let’s see how high we go until then.
USOIL USOIL/XTIUSD SHORT IDEA POSTED
Sell limit just been triggered @78.000
GL to anyone else brave enough to short
USOIL hope those boys didn’t sell when I told them I told them to hold buys to $80 hope they listenWTI A continued rally on the Hourly (that is in Bullish Market Bias) filled the upper wick of the giant Bearish Pinbar that formed last Friday. Based on the Daily, the bulls for the new trading week can head for the Swing Highs of 78.766.
With the coming retrace, the bears can take the market down to around 75.262 through Mean Reversion from being Overbought.
WTICOUSD market is buying too much into these new Biden Russian Sanctions, Biden only got 7 days left on office before Trump takes over. If Trump keeps his promise of seeking peace, there will be negotiations and Russia will definitely seek to get rid of all sanctions that were put by the US in the last 2+ years
OIL_CRUDE who is buying so much and WHY?
WTI Let's have a great next week!