USOIL hi, how are you!? 😊 I hope all you are doing really well Deeply sorry I was not able to interact here as I promised due to other reasons, however, I am here right now only to help 😊 I am telling you that if you are trading on WTI Crude oil, then you are in front of a historical entry from that level to the upside and I will do an idea for it in the next 10 minutes Have a good day!
OILUSD MSM is hitting hard on the tabloids for short liquidity....oil squeeze incoming -- refilling reserve is bullish, tariffs bullish, global sanctions haven't budged...anyone talking about future speculation on deposits are goobers looking for short liquid
WTI Trump Alert! Pay attention to the Executive Orders signed by Trump regarding oil, natural gas, and the car manufacturing industry.
Trump also has an interest in Greenland for having 110 billion barrels of oil; 38 million tons of rare-earth metals; as a military defense base; and trade passage, like the Panama Canal.
WTI I just returned from watching Trump's Inauguration ceremony in Washington, D.C. and saw the Hourly chart. The BIG drop was not surprising, from both the Double Inside Day that showed up hours earlier and punctuated by Trump's declaration to "Drill, Baby Drill!"
Another Double Inside Day showed up that created a very tall bullish candle and taller Spinning Top. We may see more consolidation, then bearish moves because the Hourly is still in Bearish Market Bias.
*Side Note: On the chart below, the SUPPORT ZONE was created (on January 12th) from a giant bullish candle's midline to low, which the candles of today finally breached. We now have a giant bearish candle with a midline to high that created a strong RESISTANCE ZONE that can keep the candles moving below it.