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USOIL is heading to 86.0 Supply Zone

Long
West Texas Intermediate Crude Oil Futures (Continuous futures contract) (BLACKBULL:USOIL.F)  
Sphinx_Trading Updated   
BLACKBULL:USOIL.F   West Texas Intermediate Crude Oil Futures (Continuous futures contract)
Trend Analysis Technical Indicators Beyond Technical Analysis Oil Crude Oil WTI sphinx_trading
16
0
trendanalysis indicator beyondta oil usoil sphinx_trading
- We have a full retest on our weekly strong demand at 70.0.
- Price started going sideways after reaching 70.0 demand zone.
- An extreme order flow formed also we observe a new higher low at 74.0 minor demand after making an equal lows at 72.0.
- till Now price didn't form a new higher high breaking 83.0 also grabbing liquidity and filling imbalance at 86.0 supply zone.

* Pivot for buying: 77.0
Comment:
- Price broke the last high at 76.70
- 4h closure above the last high.
Trade active:
- Pivot: Reached
Comment:
- Big bearish 4 closure below pivot price.
- 76.0 demand zone is the max drawdown for this analysis.
Comment:
- Price broke the last high at 77.77.
- New HH formed.
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