WTIUSD| USOil ON A BULLISH ASSIGNMENT
US oil finally repriced to go higher...
Confluences:
Expectation:
Us oils will be price higher by the smart money to draw to the draw on liquidity.
Conclusion:
we have a bullish bias for this week and beyond
Confluences:
- A sweep of liquidity below a weekly low
- smartmoney Trapping retail bullish orders on the weekly with a failure swing
- expansion to the upside creating a bullish mss / smartmoney institutional price swing/ Bullish Open float
- Price traded I to the discount of the price swing and expanded to create equal highs.
- smart money traded lower to trapped retail resistance traders
- The smartmoney engineered liquidity below a short term low to take the price higher to a HTF premium array which is the draw on liquidity highlighted in the chart above.
Expectation:
Us oils will be price higher by the smart money to draw to the draw on liquidity.
Conclusion:
we have a bullish bias for this week and beyond
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