WTI Crude (OIL) / US Dollar forum
WTI The Hourly is in Bullish Market Bias with price action moving within a channel created by a Bullish and Bearish Trendline (in green and red dotted lines) for a breakout to either the upside or downside. After the bearish descent earlier, the candles went into consolidation to create both a Triple Inside Day for an EXPLOSIVE move to come and also a S&R Zone for them to either rise above or drop below it.
If price action drops below the S&R Zone to cross past and clears below the Bullish Trendline (in green dotted line, along with the Pivot Low of 70.143, then the bias will flip from Bullish to Bearish Market Bias and head for the Swing Lows of 69.926 and 69.606 for more moves to the downside, plus close the Gap Up at 69.606.
But if price action rises above the S&R Zone, it can head towards the Bearish Trendline (in red dotted line) and further for a proper retrace to the upside.
USDWTI Mark my word, it will go down to 69-66, then it will go up to 76-79
USOIL gap coming
USOIL short / first target 61 / next target 55
USOUSD winter will be in bull's favor... hold longs till February.. expecting tgt 90+
USOIL Hold the short over the weekend. I don't think there will be any Middle East surprises. Let the bear flag complete and take you down to 69.5. It's a gamble, so don't bet the mortgage on it.USOIL just go to 77 😢
USOIL it will rise don't miss target
USOIL bearish momentum isn’t over yet…a breakout of this consolidation we jump inUSOIL I'm guessing tariffs will pressure China further. I'm guessing recent events abroad will pressure Israel to de-escalate. I'm guessing the SPR is very thirsty. I'm guessing percentages named after a Middle Age Italian mathematician are failing you. I'm guessing esoterically mangled price and volume into different domains is not giving you the predictive magic you wanted.