Oil - Crude (WTI) forum
WTI The 4-Hour timeframe printed out a Double Inside Day, so a BIG move is coming. It can be to the upside/downside. Both the Hourly and 4-Hour are both in Bearish Market Bias.
OILUSD MSM is hitting hard on the tabloids for short liquidity....oil squeeze incoming -- refilling reserve is bullish, tariffs bullish, global sanctions haven't budged...anyone talking about future speculation on deposits are goobers looking for short liquid
USOIL Next analysis tradingview.com/x/TZgiNkNz
WTI Trump Alert!Pay attention to the Executive Orders signed by Trump regarding oil, natural gas, and the car manufacturing industry.
Trump also has an interest in Greenland for having 110 billion barrels of oil; 38 million tons of rare-earth metals; as a military defense base; and trade passage, like the Panama Canal.
WTI I just returned from watching Trump's Inauguration ceremony in Washington, D.C. and saw the Hourly chart. The BIG drop was not surprising, from both the Double Inside Day that showed up hours earlier and punctuated by Trump's declaration to "Drill, Baby Drill!" Another Double Inside Day showed up that created a very tall bullish candle and taller Spinning Top. We may see more consolidation, then bearish moves because the Hourly is still in Bearish Market Bias.
*Side Note: On the chart below, the SUPPORT ZONE was created (on January 12th) from a giant bullish candle's midline to low, which the candles of today finally breached. We now have a giant bearish candle with a midline to high that created a strong RESISTANCE ZONE that can keep the candles moving below it.
USOIL back to 70!! That is the optimal price of oil under trump rule. Not too high, not too low either
USDWTI What Trump did say a few minutes ago will affect the price sooner or later. I guess this week will be bloody for OIL.
USOIL Drill Baby Drilll!!!!
USOIL Drill Baby Drill!!!!
USOIL Plunge, baby, plunge.