USOIL bullish. But I’m debating if I should hold through fomcUS Crude Oil CFD forum
USOIL bullish. But I’m debating if I should hold through fomc
USOIL The Hourly shows a tall bullish candle that gapped up and heading towards the Swing High of 59.83. We'll see if the bulls can do a candle close at that level and head up more towards two S&R Zones to cross through. If the bulls can't, then back down it goes.*Side Note:
A Double Inside Day showed earlier for the BIG move that's currently happening.
In order to close the Rising Window (Gap Up), there would need to be a candle close at 59.07. If that doesn't happen, the strong forces of Support will keep the candles moving above this Gap.
OILUSD Btc just popped a viagra 🚀
WTICOUSD US API Gasoline Stock Change Actual -1.97M (Forecast -, Previous -3.14M)
US API Cushing Stock Change Actual -0.854M (Forecast -, Previous 0.674M)
US API Crude Oil Stock Change Actual -4.49M (Forecast -2.5M, Previous 3.76M)
so people can check for these themselves 😊
investing.com/economic-calendar/api-weekly-crude-stock-656
OILUSD India has attacked Pakistani 🚀USOIL Forgot to Mention Earlier About India-Pakistan:- Pakistan has only 4 days of artillery shells left. Used up too many from arming Ukraine. So, the Pakistanis are out-gunned, out-tanked, and out-numbered by India's military. They've still got their 100+ nuclear missiles - all facing India. Uh-Oh!
- China is doing live-fire, military exercises near India's border. How coincidental and convenient!
- Secretly, is this a proxy war between the US and China? US closely allied with India and Pakistan is a client state of China.
USOIL India-Pakistan war is ON, so how will it affect the price ?🤔USOIL Checking the 4-Hour Timeframe:It's in Bearish (directional) Market Bias and a Double Top has formed. You can see the 2nd peak of the pattern as an Evening Star, which is a top reversal pattern.
As the bears drop down, there's a S&R Zone (that starts at 57.44) in the way. The bears will either retest it for the bulls to bounce up from, but higher than before, OR break through the Zone to drop down towards the Swing Lows of 55.33 and 55.09.
*Side Note:
Watch to see if this is the last leg of a giant W-shaped pattern. It would be a long, bullish trend.
USOIL I see a lot of bearish bias around here hoping for some magic number like greed is doing most of the talking. Too bad this is not giving up 59, that's why it sucks to be stuck in a trade holding on to your own emotionsWTICOUSD rebound out of resistance.. then below NY open. probably time to protect your long's