WTICOUSD tomorrow's official figures will be interesting.
US API Gasoline Stock Change Actual -2.2M (Forecast -, Previous 1.920M) US API Distillate Stock Change Actual -0.8M (Forecast -, Previous -3.458M) US API Cushing Stock Change Actual 0.1M (Forecast -, Previous -1.417M) US API Crude Oil Stock Change Actual 7.1M (Forecast -2.8M, Previous 0.68M)
USOIL Last Call for This Session: On the Daily, look at how the candle closes. If it can't close past the high of the previous candle, then there's a struggle for the bullish thrust to continue.
Some possibilities for tomorrow and remaining week: - Gap Up for a continuation of the bullish trend; - A bearish candle forms to create a Three Bar Reversal, then go down more; - Or, consolidation to the right, moving even closer to the Bullish Trendline (in green dotted line) to flip the market bias from bullish to bearish.
USOIL The bullish rally is in Overbought territory, so a retrace to the downside is coming.
For the retrace, the bears can drop down towards the high of the Inside Day at 68.28 that's a shallow retracement. For a deeper one, the bears can head for 67.87 through Mean Reversion.
The bulls can rise back up again after a retrace because the Hourly is still in Bullish (directional) Market Bias.
*Side Note: The Outside Day that formed earlier revealed that at the end of this bullish rally, we'll see an immediate retrace.
WTICOUSD tomorrow's official figures will be interesting. 
