USOIL New Sightings: On the Hourly, a thin S&R Zone formed at the end of Friday's New York session. The candles are in a market pause from consolidating within an Inside Day. We'll see if the bulls will rise from or the bears drop from the S&R Zone. We'll also see a breakout from the Inside Day, either at its high at 61.83 or low at 60.97 for true direction.
If price action continues to consolidate, they would get closer to the Bullish Trendline (in green dotted line) for a trendline break and flipping of the market bias to be Bearish in direction for greater profitability.
*Side Note: A Double Inside Day showed up on both the Hourly that is in Bullish Market Bias and the Daily that is in Bearish Market Bias. That means more than one big move ahead. It's not often to see a Double Inside Day on the Daily. Their candle ranges are very tall, so the BIG move from that - potentially next trading week, will be exceptional!
USOIL *Notable News: "China Cancels ALL **LNG** Purchases from USA - SEC to "De-List" China Companies from Stock Markets"
China has just CANCELED purchases of Liquified Natural Gas (LNG) from the United States; opting instead to buy it from Australia. In the past, the U.S. sold 4.16 Million Tons of LNG to China.
Now, all that gas is available for purchase here in the United States, which should bring down prices to heat homes that use such gas.
Also, the Securities Exchange Commission (SEC) is reportedly moving to De-List about $800 Billion of Chinese Publicly-traded Companies from U.S. Stock Markets.
No word yet on precisely which such companies, but it may just be ALL of them.
*Beyond 50's Commentary: These are early signs of the U.S. and China economically de-coupling from each other.
WTI Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "WTI / U.S Crude Oil" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk MA Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise to Place buy limit orders within a 15 or 30 minute timeframe nearest or swing low or high level for pullback entries.
Stop Loss 🛑: Thief SL placed at the Nearest / Swing low level Using the 30mins timeframe (58.000) Day trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 66.000 (or) Escape Before the Target
USOIL New Sightings:
