USOIL On the Hourly, we have another Near-Doji (highlighted in yellow) within a bearish trend. That means that the bear run is likely to continue until a bottom reversal pattern shows up.
You can see the previous Near-Doji (also highlighted in yellow) to the left of the chart with a bearish trend that ended as a tall, Two Bar Reversal pattern at the bottom of the descent.
USOIL Perhaps it's getting manipulated to dump the oil that was accumulated into huge tankers. We'll see how far this goes. Whales do not have infinite capital.
OILUSD looks like ranging between R1and R2 weekly so its in clear distribution phase and if now bounces again on 67.8 will continue until the real tariffs will re release for china as the il consumption will be impacted by china/eu recession
USOIL Typically, after a retrace or near retrace towards the trendline (in green dotted line), the drop down can resume, but even lower then the previous one. We'll see.
USOIL On the Hourly, we have another Near-Doji (highlighted in yellow) within a bearish trend. That means that the bear run is likely to continue until a bottom reversal pattern shows up.
