CFDs on Crude Oil (WTI) discussion
USOIL Judging by the weekly close candle, and overall volume looks like the bearishness is kicking in as much as I’d like to think longs are valid. I currently still hold long positions protected.
I will drop some fresh analysis soon.
USOIL just 1 of the many Money Flow Charts. Money Flow, showing me $80 oil tradingview.com/x/ai1pbmAj
XTIUSD next week see 64 dollar
OIL_CRUDE W formation on the way...OIL_CRUDE so perfect and so hard to see, on the weakly chart it closed just 0.01 % above 23.6% fib level as oil usually does go so far down before flip...
USOIL nfp news trade win
WTICOUSD Any ME tensions spike is a chance to short.There's 0 bullish news in the oil market, if OPEC doesn't delay the production hike, we could see 60$ on December.
WTI A retrace to the upside is coming. Watch for a reversal pattern. It can potentially head back up towards the low of the Inside Day at 70.180 and higher to the start of the previous S&R Zone at 70.822.
XTIUSD 10 Rockets and I'll take my stops off till Monday open.USOIL Oil moved smooth today, let’s hope it starts to pick up like it used to be. Beginning of the year oil was smashing.