USOIL Special Delivery: On the 4-Hour that is in Bullish (directional) Market Bias, a Double Inside Day showed up. That means a BIG move is coming. This can show up anytime between this New York session and Sunday. It can look amazing on the lower timeframes.
Also, notice that we have had two, back-to-back Double Inside Days on the 4-Hour timeframe, so there's a setup for a really BIG move.
USOIL *Trading Tip: On the Hourly chart are two tall, trending bearish bars (circled in blue). As trending bars that have a real body (that creates the open and close price) that are over 50% of the width of the candle, they created a Strong Pullback. This can lead to a weaker, bullish rally for the bulls to struggle against it. We'll see if the bulls have the strength to go above the S&R Zone and reach the Pivot High at 61.42 (circled in red).
USOIL usoil touched the 61.3 short position signal given by Baker above, and then started a rapid retreat. The traders who executed the signal have successfully realized profits. Congratulations. USOILSPOTUSOILUSOILUSOILUSOIL
USOIL There are 4 bullish pressure zones that were established so far from the most recent fall at 55.38, as following: 55.90, 57.15, 58.35 and the most recent one at 60.20. Any retrecement to the downside from 05.05.2025 till today was making HL not going any near or passing these levels. I am not saying do not short it, do whatever you want. I am just saying the bullish momentum is not over yet, anything in between is a noise for me. I cannot share my chart from my phone.
USOIL The Hourly that is in Bullish (directional) Market Bias shows that the bulls are struggling around the S&R Zone. We'll see if they can make it to cross through and go above it.
Watch to see how this current bullish candle closes. For a continued bullish thrust, it has to close past the high of the previous bullish candle. If not, we'll either get consolidation, then the bulls try rallying again OR a move to the downside, then back up because the Hourly is in Bullish Market Bias as the more profitable direction.
Also, if an M-shaped pattern is forming, the neckline is where the dashed green line is. That same line also represents the Support Zone, which is extended from a candle close from the market's open of the session.