USOIL weekly chart more visible.
CFDs on Crude Oil (WTI) forum
USOIL weekly chart more visible.USOIL Monday will be telling. Hoovering at the line in the sand
USOIL City-scalper1982 have a look at my chart, thats the mini resistance I was referring to, the plan may be that it goes to 63.90 and reverses there to 67-68 and then down to 60s, failing to rebound from 63.90 itll fall straight to 60s
USOIL 65.3 for a wee bit please. The short monster wants more food. 👺USOIL 63.90 is still coming regardless of what people tell you in here :) Sunday open
USOIL On the Hourly chart, take a look at the orange dotted line. It's the high of the previous bullish candle from the Bullish Pressure Zone.The new candle forming would have to do a candle close past that orange dotted line, then another candle to "clear" above that line without touching it for more certainty that the bulls will go up. But, if a candle can't close past that orange dotted line, then back down towards the Inside Day's low of 64.76 for a breakout from the pattern.
USOIL Bullish Formation Ready Again For 70.0USOIL *Alert!Bullish Pressure Zone forming on the Hourly from the lower wicks of three candles in succession to give a boost. You can take this bull ride for as high as it will go.
USOIL will it hold for the 4th time
USOIL On the Hourly, the new candle forming will either be a bullish candle to breach the high of the Inside Day pattern at 66.06 (shown as an orange line) to go even higher OR turn into a bearish candle to do a breakout at at the pattern's low of 64.76 (shown as an orange line).*Side Note:
Look at the two trendlines (in red and green dotted lines). They formed a Descending Triangle, which is significant. The triangle encourages moves to the downside. We'll see if later today, the bears drop down below this Descending Triangle and breach the Swing Lows of 64.63 and 64.50. If not, then up go the bulls, going above the triangle. I have a Take Profit at 66.15.
