WTI Crude (OIL) / US DollarWTI Crude (OIL) / US DollarWTI Crude (OIL) / US Dollar

WTI Crude (OIL) / US Dollar

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WTI Crude (OIL) / US Dollar forum



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.


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.
Snapshot


USOIL JUST IN: 🇺🇸🇷🇺 President Trump asks Ukraine if they can strike Moscow, Russia.

Ukrainian President Zelensky: "Absolutely. We can if you give us the weapons."

USOILSPOT KAZAKHSTAN hikes oil output by 11.6% in first half; no plans to quit OPEC+

WTICOUSD the OPEC July report is out and available. I used Gemini to summarise it.

USOILSPOT We will see this drama until everything is not clear on Russia. So kindly trade with caution or just scalp. and have fun.