WTI Oil SpotWTI Oil SpotWTI Oil Spot

WTI Oil Spot

No trades
See on Supercharts

WTI Oil Spot forum


USOIL On the Hourly, if the bears don't breach the Swing Low of 73.709 with a candle close on that price or lower, then back up it goes.

Also, watch if an Inside Day pattern forms in the new hour with a smaller candle engulfed within this tall bearish candle. That will mean a market pause with consolidation to come until a breakout from the pattern. Great for scalping if you are in drawdown.
Snapshot



USOIL Israel is ready to talk with Iran with some negotiations .





USOIL On the Hourly, this is a parabolic move to the downside. Oftentimes, the retrace can be just as stunning. Not all the time, but often.

Also, the tall bearish candle is attempting to breach the Swing Low of 73.709, which would reinforce the Bearish Market Bias. Look what's below on the chart.
Snapshot

USOIL Iran israel tensions to calm down . big impact on crude prices.