USOIL A Popgun Pattern showed up on the Hourly from volatility. That means complex consolidation to come that makes three pivot swings that can move like a See-Saw.
Also, the candles are within a tall Inside Day pattern, so the market is in a pause with no clear direction. Breakout can be at the pattern's high of 67.87 or low of 67.11 (shown as two, orange horizontal lines).
OILUSD Daily moving average is at 67.9 Ive closed my position at 67.9 Smart move from here is wait for candle close above 67.9 , if it fails to do so a nice short will be in play either way win win . Hope alls in the green today , Enjoy the gains 🚀
USOIL On the Hourly, a retrace can be towards 66.81 (or around there), based on Mean Reversion, then back up again because the Hourly is still in Bullish Market Bias.