WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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WTI Crude (OIL) / US Dollar forum



USOIL Inventory Report: 3.036M against a Forecast of -0.900M.

WTI Can anyone tell me what is the EIA report info

USOIL Closed remaining short. Free at last. The inventory report can do what it likes.


WTICOUSD If the bears drop more to cross to the left of the Bearish Trendline (in red dotted line) and breach the Swing Low of 62.800 with a candle close past that price, then more moves to the downside. The market bias would flip again, from bullish to bearish.

*Alternative Scenario:
The bulls resume their rally to go above the S&R Zone and higher.
Snapshot

USOIL todays eia report will spell doom for oil !!! short now !!!

WTICOUSD A very tall bullish candle just broke through the Bearish Trendline (in red dotted line) on the Hourly, flipping the market bias from bearish to bullish. The most profitable moves will be to the upside, in comparison to countertrend ones.

After this bullish rally, a bearish pullback is coming to retest the Bearish Trendline, then back up again.

*Take Profit to the Upside:
63.514 - Top of S&R Zone
64.290 - Start of Tall S&R Zone
64.618 & 64.641 - Swing Highs
Snapshot

USOIL it will get back to 68 by the end of this month