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US Crude Oil CFD

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jambull4
USOIL anyone have any clues on what is happening ive been trying to find information thought it would pump harder then this i suppose london opening will see ?
beyond50
USOIL On the Hourly, a Double Inside Day showed up, so BIG move coming.

Also, a new S&R Zone formed for the bulls to rise from or bears to drop below. A breakout needs to happen from the Inside Day pattern and channel formed from the Swing High at 77.602 and Swing Low of 71.597.
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arjungoodwill
USOIL What is happening in Crude, all were expecting a huge gap up even more than what was seen on Friday. But it came down to almost sam level after a big candle in the open.

And the Asian markets are positive, is there something we do not know yet?

Or will London and NY come in and buy them to push it up?

Really confusing period of Trade.

Any comments would be really helpful to understand the scenario.
beyond50
USOIL *Trading Tip:
Here's a common way traders can get trapped.

On the Hourly chart, look at candle #1. It is a bearish trend bar from having a real body (that creates the open and close prices) that is more than 50% of the range of the candle. The assumption is it will go down next.

A bullish Hammer appears as candle #2, showing that there was no follow through with another bearish candle to go down, but go up instead. This is how traders who believed that the market was going to go down get easily trapped by a setup called the "Trend Bar Failure." This is commonly seen on the higher timeframes.
Snapshot