USOIL Here We Go Again!On the Hourly, another Double Inside Day formed. That means a BIG move coming.
Oil - Crude (WTI) forum
USOIL Here We Go Again!On the Hourly, another Double Inside Day formed. That means a BIG move coming.
WTICOUSD lots of instruments jumped when this was announced: Donald Trump says he has ‘no intention’ of firing Jay Powell
Guess he listened to those saying, such a move would crash the economy... more than it already has.
USOIL Unique Situation:A BIG move is coming from the Double Inside Day that showed up on the Hourly at the end of the New York session.
Also, the last three candles all have a low at the same price of 63.39 to create a Support Line. Price action can go up with a bullish rally from that line OR a bearish candle can break through the Support Line to encourage a BIG move to the downside, towards the S&R Zone below (that starts at 62.29).
USOIL finally we left the chanel. and look what is forming...a imperfect HSR. again. when we cross 63.5 USD. i'm in 64.5 USD.
USOIL Crude oil trend will remain volatile and upwardIdea: Crude oil trend will remain vo…
USOIL My Last Call for Today:Going to the 4-Hour timeframe, look at the Shooting Star (marked in yellow marker). Its upper wick resisted the Swing High of 64.15. As a top reversal candle and non-trending one, that's confirmation of a bearish move to the right of the Bullish Trendline (in red dotted line).
If the bears "clear" past the trendline and stay on it's right side, the market bias would finally flip to Bearish and we'll see a drop towards the Swing Low of 61.73 to breach and go down more.
WTICOUSD people love their newsI've been told by a person close to Bessent the reports on his remarks about a trade deal with China have being imminent overstate what he said. He meant that there is room for talks and de-escalation but much also depends on China's willingness to compromise on trade as well - Fox Reporter on X
USOIL sry for spam...but 1 min chart rsi divergence in play, while forming another HSR. wait for chanel breakout.i market 64.5 USD for my little win here.
USOIL i don't trade this one...but that's our potential Chanel. and the Range of the big HSR in yellow. looks too easy...but patterns strong bullish.
Chanel in Red, formed by HSR bottom trendline.
Attention! if we break the bottom trendline, the theory is over...and a new pattern will be formed
