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WTI Cash (or Spot) ContractWTI Cash (or Spot) ContractWTI Cash (or Spot) Contract

WTI Cash (or Spot) Contract

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arjungoodwill
USOIL Any news on Russian sactions could take this above 65 next week.

The EIA news seems to be to support Trump to keep the prices down.

And if Europe decide on secondary sanctions on China and India, then oil will come down drasctically too.

So a crucial week ahead with expiry in Indian MCX market.

Fingers crossed for a move up.
arjungoodwill
USOIL looks like a rebound to 63.3+ will happen before going down again.
M_Qman
USOIL wavecount.

actual 4th wave building a triangle. guess we breakout to the downside, getting our last pump down as wave 5.
Snapshot
ROY_TRADER_007
USOIL tradingview.com/x/cmyfCmrj
Key Areas on the Chart

ENTER LAYER (Blue Box at 62.83)

This is the potential sell entry zone.

Price is expected to retrace back to this zone, then reverse downwards.

It aligns with a Fibonacci level (0.8756 retracement) and prior resistance area.

STOP TRADE AREA (Above 62.83)

If price moves above this zone, the setup is invalidated.

Traders would exit their short positions here to limit loss.

TARGET POINT FIRST (~62.40)

First take profit zone.

This is a short-term support level where price might pause or bounceTARGET POINT 2ND (~62.00)

The second take profit zone.

A deeper support level, representing more profit if the downtrend continues.

LAST TARGET POINT (~61.60)

Final take profit level for this setup.

This might be a stronger historical support or completion of the pattern (like the end of a harmonic leg).
Snapshot
M_Qman
USOIL free 20 pips? as a last happy weekend call
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M_Qman
USOIL pullback, did the Retest of the Triangle, perfect reaction here. and down we go. hope you guys are in <3
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gilberto_devel
XTIUSD I'm not indecisive as someone commented, I just like to play it safe. I said I was going to accumulate and won't enter when the market is uncertain. Greetings.
Snapshot