USOIL Today's USOIL Analysis (MMC) Concept Used
WTI Light Crude Oil forum
USOIL Today's USOIL Analysis (MMC) Concept Used
USOIL 4h charts look out 📈 tradingview.com/x/M5QC95ow
WTICOUSD A Last Look:I'll leave you with what the Hourly chart looks like in preparation for this Sunday.
For your own self-help analysis, take a look at the market bias; what's in the way if the bulls want to rise up; midpoint of tall bearish candle; and that explosion emoji. There's also a bunch of medium-to-small, non-trending candles. Hmmm...what could that mean?
USOIL So todays move was solely based on the OPEC news. What would happen if they just plan to do September increase by a lower volume than speculated. Will it climb back the 2 dollars? Looking forward to a magical shift on Monday morning. It had already gone past my SLs when checked in back after office hours. Was not expecting such a blood bath before the actual Opec meeting on Sunday.
WTICOUSD :-(Trump: Based on the highly provocative statements of the Former President of Russia, Medvedev, who is now the Deputy Chairman of the Security Council, I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these inflammatory statements are more than just that. Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances - Truth Social.
USOIL Rig count continues dropping. What will the sailboats do without rigging? ⛵WTICOUSD We've got an imperfect-looking Double Inside Day on the Hourly. That means that a BIG move is coming - possibly before the end of this session.
USOIL Book profit here and exit at 67.50 👍WTICOUSD I was out of the markets today. I had a busy one and away from my desk at the dentist at NY market open. So I see this creating HH HL. As I always say, when price stops, put a fib on it. For oil this is best on the 8H. With your session close set to NY, the 8H neatly cover Asia close, EU and London open during GMT trading hours from 6am. The last 8H covers NY and London close. If we hold price above this last impulse then I believe there will be a slow ride up. To validate that, Macro news will need to support. If we drift lower to WTI $66, and that is supported by TACO enforcing Tariffs. Then we might start seeing price breakdown. Remember OPEC on Sunday. Enjoy your weekend and remember behind every macro trend there is a micro trend in play.
USOIL when are we buying boys?