USOIL WTI Crude slips as traders await US inventory data and digest OPEC+ supply increaseWest Texas Intermediate (WTI) Crude Oil remains under pressure on Tuesday as a growing global supply outlook weighs on...
West Texas Oil forum
USOIL WTI Crude slips as traders await US inventory data and digest OPEC+ supply increaseWest Texas Intermediate (WTI) Crude Oil remains under pressure on Tuesday as a growing global supply outlook weighs on...
USOIL I wrote in a previous post today that a giant W-shaped pattern is forming with the last leg being a long bullish trend. Check out the Hourly chart below to see the "W":
USOIL This is an observation from myself to you guys over the last 8-9 months oil has been extremely hard to trade , do you agree with me ? Up until June July 2024 it had nice short term trends and less of the consolidation, fake outs and crazy spikes making doable to make a buck.
I think there’s way more people trading oil now and this is why they’re making it like this not to make sense……
Share your thoughts.
P.S 65.50 may still be coming also some of the structure nowadays isn’t making sense !!!
USOIL breaking the second flag bottom trend, while forming a reverse Cup n Handle.may "worst script of life", but looking good so far :)
USOIL tgt 64 level
USOIL Devil does not want to let go of oil.
USOIL …revisiting the 66.6 zone surprise surprise
USOIL At 64.5 I'll be able to afford that brown Lamborghini the dealer can't sell because the color is disgusting.
WTICOUSD looks like we are now sideways until next inventory. Time for a nap.USOIL On the Hourly that is in Bearish (directional) Market Bias, if the bears can't breach the low of the bearish candle (from the Bearish Pressure Zone) at 66.50 (shown as an orange dotted line) and another bearish candle "clear" past that line, then back up it goes.*Side Note:
A giant W-shaped pattern is forming with the 4th longest leg that is typically a long, bullish trend.
