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City-scalper1982
OILUSD lose 64.5 straight to 63 .8 lose that and it’s game I’ve for the bulls 🪂
beyond50
USOIL *Trading Tip:
Take a look at the Hourly chart. There's a cluster of Swing Lows that have not been breached in the past.

When you see a bundle of Swing Lows close together like that, there's a tendency for price action to eventually breach each one in a "sweeping" move to de-activate them in order to make room for new Swing Lows to form.

Also, when one Swing Low gets breached, then more moves to the downside. There are 4 Swing Lows below and close together, so a potentially BIG drop can happen. We'll see.
Snapshot
beyond50
USOIL On the Hourly, the bears are having trouble breaking through the Bullish Trendline (in green dotted line) that can act like a strong rope.

If the bears breach the trendline and Swing Low of 64.63 with a candle close at that price or lower, then the market bias would flip from bullish to bearish with more profitable moves to the downside.
Snapshot
ShanTheMan93
USOIL with opec increasing production again the only way this is going is down i cant see any positive to support it this will be 55 soon
beyond50
USOIL Reminder:
A very BIG move or two is coming, based on the Double Inside Day that showed up on both the 4-Hour and Daily timeframes.
beyond50
USOIL This is the 6th trading day of wide and tight consolidation since Tuesday, June 24th on the Hourly that is in Bullish (directional) Market Bias.

A new and thin S&R Zone formed (that starts at 65.32) as a 2nd tier over the taller one for the bulls to rise from or bears to drop below.

We'll see if the bulls will even try to head for the Swing Low at 65.90 to breach and break out of the tall Inside Day at the patterns high of 66.06. If not, then the bears can try for a breakout from the Inside Day's low of 64.76 and breach the Swing Lows of 64.63, 64.50, and 64.48 as a bundle.
Snapshot