Idea: USOIL: Sharing of the Trading …
XTI Crude Oil forum
Idea: USOIL: Sharing of the Trading …
If the numbers continue to fall, we move closer to supply equilibrium, and we will find a base price. i am not convinced we have found a base price yet as supply still outstrips demand, OPEC will continue to unwind cuts and we will see a peak in oil production this year. we should be mindful of price highs. generally speaking,
oilprice.com/Energy/Energy-General/US-Oil-Drillers-Slow-Activity-As-Prices-Hurt-Even-in-Permian.html
If it's still true, then the 4th leg of the M-pattern is usually a long bear trend.

We shared the following longs and shorts! Fat payday today!!
🟢Long 60.30 to 61.10
🔴Short 61.02 to 60.31
🟢Long 60.47 to 60.99
Stay active and lock in we’ll be sharing more with TP,SL and Entry from next week 💸💸
On the 4-Hour that is in Bullish (directional) Market Bias, a Double Inside Day showed up. That means a BIG move is coming. This can show up anytime between this New York session and Sunday. It can look amazing on the lower timeframes.
Also, notice that we have had two, back-to-back Double Inside Days on the 4-Hour timeframe, so there's a setup for a really BIG move.

On the Hourly chart are two tall, trending bearish bars (circled in blue). As trending bars that have a real body (that creates the open and close price) that are over 50% of the width of the candle, they created a Strong Pullback. This can lead to a weaker, bullish rally for the bulls to struggle against it. We'll see if the bulls have the strength to go above the S&R Zone and reach the Pivot High at 61.42 (circled in red).
