WTI I believe the 3 year reaction low has completed from the 118 high May 2022. Once the 72 level is taken we are officially in a new bull market and there will be day light till the 90 level. If your still a bear Id be careful and watch the 72 level for a major shift. This thesis is on the weekly level.WTI Crude Oil Cash forum
WTI I believe the 3 year reaction low has completed from the 118 high May 2022. Once the 72 level is taken we are officially in a new bull market and there will be day light till the 90 level. If your still a bear Id be careful and watch the 72 level for a major shift. This thesis is on the weekly level.
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WTICOUSD Baker Hughes rig count. Count goes up, demand is increasing count goes down, demand is decreasing.Of course the numbers are subjective to the other bearish and bullish factors.
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USOIL Sell crudeoil at cmp 62.75 and hold till next week . Tgt 61.50USOIL On the Hourly, if the bulls can't breach the Swing High of 63.27 with a candle close on that price or higher, down we go towards the S&R Zone (that starts at 62,29). It looks like the upper wick of bullish candle still forming had rejected the Swing High.A Double Top had formed.
