USOILSPOT TRUMP Drama is heavily manipulating the whole Forex and crypto market.Oil - Crude (WTI) forum
USOILSPOT TRUMP Drama is heavily manipulating the whole Forex and crypto market.
USOIL For the past few months oil is behaving like a patient in coma, it wakes up now and then and remembers what its supposed to do, the other times it is just asleep and does nothing.
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 stopped by the ma20 again, and lower bb not following up. Will see, no position now
USOIL well... any news ?
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 Please no more consolidation 😭USOIL On the Hourly, if the bulls can't reach or breach the Swing High of 68.90, then back down it goes.This rise is for a potential retest of the Bullish Trendline (in green dotted line), then back down again was my earlier post.
But if the Swing High of 68.90 is breached, the market bias is likely to flip from bearish to bullish and more moves to the upside.
