USOIL In the short term, crude oil will continue to focus on the target of 66.3, and a breakout will reach 68.7. Below 63.6 is the short-term support. If it falls below, further attention needs to be paid to the support of 62.3. If you don't know when to buy, you can follow Henry's trading rhythm, continue to follow or leave a message, and view the latest real-time trading signals. USOILUSOILUSOILUSOILUSOIL
USOIL The Hourly is making a bear run that is both the last leg of the M-shaped pattern and the last swing of the Popgun pattern that consolidated like a See-Saw: Down-Up-Down.
Below is the Bullish Trendline (in green dotted line) and S&R Zone (that starts at 65.32). We'll see if the bears breach them. If not, then back up again to breach the Swing High of 65.90 and potential breakout from the high of the Inside Day at 66.06 (shown as an orange line).
USOIL Kazhaksthan oil production at its peakest level. OPEC+ need no other reason to boost output more than planned and punish the over producers. We have seen how Saudi could get into Oil price war to gain market share. If by any chance if they increase the output more than expected, oil could reach the levels Trump is asking for, below $60.
WTICOUSD guessing when price is rock bottom and the market is flooded with oil. Trump on Strategic Petroleum Reserve: We will fill it up. Trump: We'll fill up the SPR when the market is right.
USOIL In the short term, crude oil will continue to focus on the target of 66.3, and a breakout will reach 68.7. Below 63.6 is the short-term support. If it falls below, further attention needs to be paid to the support of 62.3.
