CFDs on WTI Crude OilCFDs on WTI Crude OilCFDs on WTI Crude Oil

CFDs on WTI Crude Oil

No trades
See on Supercharts

CFDs on WTI Crude Oil forum


USOIL Pay attention to the resistance of $75.5 on the upper side tonight. A breakthrough may lead to a surge to the previous high of 76-77.5; focus on the support near 72.0 on the lower side. A break may test the low of 71.0!

USOIL LOTS of panic being shown in such a volatile market rn, remember patience is a virtue. Without US involvement we saw bullish gains and "next 2 weeks" doesn't mean "in 2 weeks". NFA

USOIL
USOIL: All orders left first, including the increase of short orders around 75, overall in profit, technical trend is still too strong, we await the next trading signal


USOIL My Last Call Before Session Closes Early:
This is a reminder that the Double Inside Day pattern appeared yesterday to let us know that a BIG move is coming. How is it that the pattern shows up, then someone explains it away with some news/data that just came in? Maybe these moves were pre-planned. Hmmm...

Anyways, watch how price action will react around the S&R Zone to either be blocked by it and go up again OR slice through the Zone to also break the trendline for the market bias to flip from bullish to bearish.
Snapshot

USOIL I feel sad I closed my sell position on market closing early FML

USOIL White House says Trump will make Iran decision in the next 2 weeks, oil taking a dive as a result. But as I pointed out earlier, the dark of the month in Iran this month is June 25th, with the 23rd - 27th providing ideal darkness for stealth operations. My guess is he is trying to preserve what little element of surprise is left by say "within 2 weeks".



USOIL *Trading Tip:
On the chart, you'll see a Bearish Rickshaw Doji. It's highlighted with a blue marker. That pattern signaled that the market is under great uncertainty and lack of direction. So, it was an early sign that the bullish rally may not continue for a coming reversal.

A way to identify a Rickshaw Doji from other kinds of Dojis is that it's tall and the real body (that makes the open and close prices) closes near the midpoint of the candle.
Snapshot