WTI Light Crude Oil forum
WTI The 4-Hour and Hourly are now aligned to both be in Bullish Market Bias, so the most profitable moves will be to the upside.You can see on the chart that we've got a market pause. The Inside Day pattern (with two orange lines) has a high at 71.065 and low of 70.405. Price action can range between these ends until there's a breakout with "clearing". If no clearing, then consolidation can keep going.
*Clearing means that a candle has cleared past a price level without touching it anymore with its candle wick or real body (that makes up the open and close).
**A conservative take profit to the upside is 72.242, based on a measured move by the previous three bar thrust without needing to use a Fibonacci tool.
USOIL hold for 72 tp
USOIL Done for the week, Anyone that was long has made decent bucks. We have to see what the weekend bring in terms of further escalation and any data coming in next week but I believe with everything we know now, Oil stays above 70. Goodluck!
OIL_CRUDE long long tp 76..... mark my word.. 👍👍
USOIL bye bye bye , I hope you get the confusing message it’s not Buy 🤤🧈🐻
WTI 72 lets go
USOIL guess target is good old .786 again....
USOIL Longs...it's punishing time. Starting...now
USOIL Keep SL at 70.90USOIL We need power to push for 71 else this will falter. have no fear, this is very bullish after PMI result