XTIUSD interesting drop, it has now broken a medium trend line. I remain short ready to hedge if it breaks support againCFDs on Crude Oil (WTI) forum
XTIUSD interesting drop, it has now broken a medium trend line. I remain short ready to hedge if it breaks support again
XTIUSD target 72 then again ⬆️
USOIL Today's crude oil trading strategy, I hope it will be helpful to youIdea: Today's crude oil trading stra…
Trump’s “ambiguous” statement, where will oil prices go?
USOIL
Idea: Trump’s “ambiguous” statement,…WTI
USOIL Idea: Trump’s “ambiguous” statement,…
WTI
USOIL Stuck? The Hourly is now in Bearish (directional) Market Bias from the bears dropping below the Bearish Trendline (in red dotted line).
A giant Inside Day pattern formed for a market pause with no true direction. We'll see consolidation until a true (and not a fake) breakout from either the pattern's low of 72.604 or high of 75.674 (shown as two, orange horizontal lines).
*Side Note:
Price action is sort of "stuck" between the strong forces of Resistance from the tall bearish candle's midline (at 74.467) to high (at 75.674), while dealing with three levels of strong Support Areas below from the Swing Low (of 72.914), S&R Zone, and low of Inside Day at 72.604.
Does that mean we'll see a lot of consolidation until a breakout from this? We'll see.
USOUSD keep going buddy. Risky trade turned into risk free 😂
USOIL Sell now Tp 71_70_68_65 stop loss 74.50USOUSD Risky entry lets see
USOIL the drop is glorious. Trump saw the oil price and said not on my watch lolUSOIL Did your brokerage close, right before the BIG drop that happened near the end of the New York session?There's suspicion that any brokerages that closed before the tall bearish candle was to keep retail traders from shorting this to really low levels.
When a "Black Swan" event happened last August of 2024, triggered by the Bank of Japan raising its interest rate, a number of brokerages gave out an error response, preventing traders from trading.
Feel free to share your thoughts about this.