USOIL what is this tight consolidation days. Tighter than my exWTI Crude (OIL) / US Dollar forum
USOIL what is this tight consolidation days. Tighter than my ex
USOIL could price possibly drop into the 64$ range at key support .
USOIL For Swing Traders:The Daily is in Bullish (directional) Market Bias from the bullish candle moving to the left of the Bullish Trendline (in green dotted line).
A continued rally from the S&R Zone would be towards the high of the Inside Day at 67.70 for a true (and not a false) breakout.
*Side Note:
A Double Inside Day appeared on Wednesday, June 25th, which means that a BIG move is coming. A proper retracement to the upside would be towards 72.10 from Mean Reversion.
USOIL In the short term, crude oil will continue to focus on the target of 66.3, and a breakout will reach 68.7. Below 63.6 is the short-term support. If it falls below, further attention needs to be paid to the support of 62.3.If you don't know when to buy, you can follow Henry's trading rhythm, continue to follow or leave a message, and view the latest real-time trading signals.
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WTICOUSD The Israeli Air Force confirms the interception of the ballistic missile fired earlier by the Iranian-backed Houthis in Yemen.
USOIL is trading near $65.50; a breakout above $65.60 could push prices toward $66.80–$67.00, while a drop below $65 may lead to a dip toward $63.50.
USOIL Spike down incoming to retest the 200ema new hourly candle might do it, for scalpers this is paradise lolUSOIL The Hourly is making a bear run that is both the last leg of the M-shaped pattern and the last swing of the Popgun pattern that consolidated like a See-Saw: Down-Up-Down.Below is the Bullish Trendline (in green dotted line) and S&R Zone (that starts at 65.32). We'll see if the bears breach them. If not, then back up again to breach the Swing High of 65.90 and potential breakout from the high of the Inside Day at 66.06 (shown as an orange line).
USOIL looks like we might get a red 4H doji
USOIL Kazhaksthan oil production at its peakest level. OPEC+ need no other reason to boost output more than planned and punish the over producers. We have seen how Saudi could get into Oil price war to gain market share. If by any chance if they increase the output more than expected, oil could reach the levels Trump is asking for, below $60.