USOIL There are 4 bullish pressure zones that were established so far from the most recent fall at 55.38, as following: 55.90, 57.15, 58.35 and the most recent one at 60.20. Any retrecement to the downside from 05.05.2025 till today was making HL not going any near or passing these levels. I am not saying do not short it, do whatever you want. I am just saying the bullish momentum is not over yet, anything in between is a noise for me. I cannot share my chart from my phone.CFDs on WTI Crude Oil forum
USOIL There are 4 bullish pressure zones that were established so far from the most recent fall at 55.38, as following: 55.90, 57.15, 58.35 and the most recent one at 60.20. Any retrecement to the downside from 05.05.2025 till today was making HL not going any near or passing these levels. I am not saying do not short it, do whatever you want. I am just saying the bullish momentum is not over yet, anything in between is a noise for me. I cannot share my chart from my phone.
USOIL The Hourly that is in Bullish (directional) Market Bias shows that the bulls are struggling around the S&R Zone. We'll see if they can make it to cross through and go above it.Watch to see how this current bullish candle closes. For a continued bullish thrust, it has to close past the high of the previous bullish candle. If not, we'll either get consolidation, then the bulls try rallying again OR a move to the downside, then back up because the Hourly is in Bullish Market Bias as the more profitable direction.
Also, if an M-shaped pattern is forming, the neckline is where the dashed green line is. That same line also represents the Support Zone, which is extended from a candle close from the market's open of the session.
USOIL Entered long 60.47 with targets of 60.88 and 61.04USOIL flipping bullish again (60.18 was perfect exit) left at 60.31USOIL bears did their best, nice try
USOIL trend is your friend
OILUSD drop incoming 🚀OILUSD fib retracement on 30 min TF Saying 59.04
USOIL India 🇮🇳 Pakistan escalation news right now, what affects in WTI ?USOILThis is what I have shared at market opening last night 💪🏽💪🏽
USOIL 🟢Support: 58.58
🟠Pivot: 59.40
🔴Resistance: 61.04
Currently above pivot so bias is bullish.
Tomorrow’s session could be similar to todays. Testing 61.04 resistance. With possible short opportunities up there. Can’t tell until further confirmation
Risks to watch out for ⚠️
🟢🟢Bullish rally to 61.04 and closing above triggers 61.50 “EMA 50” and 61.99. Any bullish catalysts will allow swing high 63.17 as an extension
🔴🔴Bearish rejection of 61.04 resistance would trigger a direct fall to 59.40 pivot and any bearish catalyst would trigger a deeper retracement to 58.58 support.
Trade safe 📈📈