USOIL The EIA crude oil inventory data is scheduled for release today and is expected to have a significant impact on USOIL prices. Based on the previously released API report, there’s a high probability that the EIA data will also be bullish.
From a technical perspective, USOIL is currently showing signs of a potential rebound. Therefore, for traders participating in USOIL today, it may be more favorable to adopt a bullish bias. If managed well around key support levels and timing, the setup could offer attractive profit opportunities.
WTICOUSD tomorrow official figures will be interesting US API Distillate Stock Change Actual 1.6M (Forecast -, Previous 4.189M) US API Gasoline Stock Change Actual -0.9M (Forecast -, Previous -1.739M) US API Cushing Stock Change Actual 1.7M (Forecast -, Previous 0.465M) US API Crude Oil Stock Change Actual -4.2M (Forecast -1.8M, Previous 1.539M)
WTICOUSD The Hourly has a new S&R Zone that the candles are congesting within.
The previous two candles have lower wicks that rejected the low of the Inside Day for a breakout.
With more of a consolidation to the right and if the bulls rise above the Bearish Trendline (in red dotted line), the market bias can flip from bearish to bullish for the most profitable moves to be to the upside.
There's still no clear direction yet while the candles are consolidating.
USOIL According to my meticulous analysis of the Western Honey Bee, Oil price has dropped with exuberant conviction, providing me with a cornucopia of wonderment and satisfaction. It's tea time! (Or maybe coffee)
USOILSPOT I personally don't feel it will go more down as it has touched one of the key support levels as I had expected. And if it falls further below, we have another support at 63.7.
Rest I believe it will go up and up according to my chart analysis on HTF.
USOIL 
