WTI I hope the Bears learn something today, dont trade against a trend reversal especially overlapping months. 99% have to be wrong, providing the fuel to go the other way. Look for the key pattern. Consolidation, manipulation, distribution occurs on every time frame. Now go look at the Dailey chart, its as clear as the sky.
SPOTCRUDE if it holds above 70.191 will retrace up again...if falls below can go to 96.894, and then 69.171 But it will be enough giving me back my 2 lossesof today.
USOIL Trading Tip: Take a look at the 6 confluences for this strong bullish trend: - Giant W-shaped pattern that formed a Double Bottom; - Tweezers Bottom that created a Resistance Line; - Bulls bouncing up from the S&R Zone; - Triple Inside Day that foretold that a very BIG move coming; - Bullish Pressure Zone; - And, Ascending Triangle formed by the Bullish and Bearish Trendlines (in red and green dotted lines).