CFDs on WTI Crude Oil forum
WTI On the Hourly, the bulls may be headed for the Swing High of 70.305. If they do a candle close on that price to rise higher, there's another Swing High at 70.639 within the S&R Zone. But if not, back down it goes for a reversal to the Swing Low of 69.345.
USOIL 69 - 70.18 that's enough for me. Thank you and good night.
OIL_CRUDE Only sad but that is the reality...Retest and brake out on one of the major resistance 🚀
USOIL see you tomorrow with 70 once againThank you Putin
USOIL Book Profit in crudeoil at 69.55 and exit 👍
USOIL There’s lots of liquidity at the bottom, expect another run up before it goes down.WTI We have an interesting scenario. After the Outside Day produced two candles going in different directions with a Hammer and a Shooting Star, a new S&R Zone formed from the consolidation. This new Zone is flanked by one above it and another below.A BIG breakout needs to happen for price action to either drop below the S&R Zone it's on and keep going to the downside to head for the Swing Lows of 68.795 and 68.633 OR rise above it for a rally to the upside towards the Swing High of 70.639.
*Reminder: The Hourly is still in Bullish Market Bias.
USOIL Gimme 70.5 and I'll liquidate this doggy.USOIL Don't expect much downfall today .Book profit when needed.WTI On the Hourly, an Outside Day showed up that comes from high volatility. It can create erratic and surprising moves. Watch what forms in the new hour, whether it's a bullish/bearish candle and follow it to its end run. Afterwards, an immediate retrace is the pattern's final move.Watch Out: the Outside Day can change candle color and direction. It's the most erratic of all the Western candle patterns.
