CFDs on Crude Oil (WTI) forum
OIL_CRUDE heading to 71...?
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USOIL There is a trend line at 74 that has acted as support since 3/23. It could now be acting as resistance.
WTI guy forget this orange resistance. may its enough to let us go deeper now. we hat a very high volume while breaking it.
WTI also a update from my Side. like always many wave formations, i hope you can follow :DC Wave formed after the liquidity grap. so on the Way down we have 2 Targets to reach.
TP 1 - We want to break through the start of B Wave.
TP 2 - We want to break through the start of Wave 5.
we are close to TP1 now. We have 2 resistance levels here, so may we see another ziczac to an upper resistance. i marked possible moves with 12345 waves in blue...but target stays the same.
this actual wave formation is Wave 4 of another bigger Elliot formation. dont forget. (big yellow numbers). so we shoot up, after this C wave.
everything stays valid, as long as we dont !!! cross 71.4 USD
WTI A retrace is coming. The previous candle is an Exhaustion candle, so there's usually 1 - 3 smaller candles that form after that. Bearish momentum has waned from the appearance of the short distance between the lows of current and previous candle on the Hourly.Nearby, is the Swing Low of 72.685. The bears will either do a candle close on it for more moves to the downside OR reject it with its lower wick for the bulls to begin the retracement.
USOIL I'm wait buy the dip around 200ma H4
USOIL may touch $73 before a move up?
USOIL dusted !!!!!!! Now we 🐸
SPOTCRUDE I think it's reversing. Going long