US WTI Crude (Spot) (XTIUSD) forum
USOIL see you tomorrow with 70 once again
USOIL Book Profit in crudeoil at 69.55 and exit 👍
USOIL There’s lots of liquidity at the bottom, expect another run up before it goes down.
WTI We have an interesting scenario. After the Outside Day produced two candles going in different directions with a Hammer and a Shooting Star, a new S&R Zone formed from the consolidation. This new Zone is flanked by one above it and another below.A BIG breakout needs to happen for price action to either drop below the S&R Zone it's on and keep going to the downside to head for the Swing Lows of 68.795 and 68.633 OR rise above it for a rally to the upside towards the Swing High of 70.639.
*Reminder: The Hourly is still in Bullish Market Bias.
USOIL Gimme 70.5 and I'll liquidate this doggy.USOIL Don't expect much downfall today .Book profit when needed.WTI On the Hourly, an Outside Day showed up that comes from high volatility. It can create erratic and surprising moves. Watch what forms in the new hour, whether it's a bullish/bearish candle and follow it to its end run. Afterwards, an immediate retrace is the pattern's final move.Watch Out: the Outside Day can change candle color and direction. It's the most erratic of all the Western candle patterns.
USOIL Would not expect much upside with that manufacturing index drop
XTIUSD hmm wonder if i see 63 ??