Hello everyone. Crude Oil Inventories will be released in 30m. If Actual data is significantly deviated from the forecasted -1.9M, big move is expected to happen then.
On the daily chart, price is going to collide with the downtrend line. So, bearish on the daily.
On 60m chart, it's bullish trend with price consolidated on the short-term MA. So the big timeframe contracts with short timeframe.
It's not a big deal. Trend reversed from small timeframe. Currently, I identified two possible bullish setups marked on the chart.
The first one is based on control low, with the second on MA and flip.
Let's see if the the inventory can give us a quick trading opportunity later.
Give me like if you're with me. Thank you for your support.
On the daily chart, price is going to collide with the downtrend line. So, bearish on the daily.
On 60m chart, it's bullish trend with price consolidated on the short-term MA. So the big timeframe contracts with short timeframe.
It's not a big deal. Trend reversed from small timeframe. Currently, I identified two possible bullish setups marked on the chart.
The first one is based on control low, with the second on MA and flip.
Let's see if the the inventory can give us a quick trading opportunity later.
Give me like if you're with me. Thank you for your support.
Comment:
Actual figure is -3M, which is much lower than the forecasted number. Price bounced back without touching the control low level. On the 1m chart, there is a quick one.
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