West Texas OilWW

West Texas Oil

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WTICOUSD The Daily, 4-Hour and Hourly are all aligned to be in Bullish (directional) Market Bias.

A Three Methods pattern suggests a continuation of the bullish trend.

We'll see if the bulls can do a true (and fake) breakout at the high of the Inside Day pattern at 67.989 (shown as an orange line) and rise further towards the Swing High of 68.768. If the bulls can't reach the Swing High and/or breach it, then back down it goes for a breakout at the Swing Low of 67.144.
Snapshot

WTICOUSD *For Swing Traders:
The Daily is in Bullish (directional) Market Bias. An Outside Day pattern showed up, which means that when this bull run is over, we'll see an immediate retracement to the downside.

This may be the 4th and final leg of the complex W-shaped pattern that it usually a long bull run.

Potential Take Profits to the Upside:
68.860 - High of Inside Day Pattern
69.975 - Swing High
Snapshot

OIL_CRUDE hint: above 66.40 strong buy as long as we don’t close under we are good for another bullish leg