USDWTI H4 - Those that watched the weekly watchlist will be familiar with this setup, we mentioned we would like to see a double bottom from support. Potentially what we may be seeing here, but we haven't test the actual support zone, just shy of, where the candle bodies previously closed last week. Still 1:3, let see how this active H4 closes.
Crude oil reached a current structure high yesterday.
Bears started to push during the US session but were immediately rejected on 4H.
it looks like bulls are preparing for a continuation.
next week pay attention to 39.9 - 40.5 structure resistance area.
if bulls manage to break and close above that then we...
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I will begin WTI CrudeOil ZeroMarket Chart Analysis for June 18th .
30 minutes / Neutral strategy.
At the top and bottom,
Please check the "safety section" and "danger section."
Overall, we see the...
Strategy works on all instruments.
Lovely buy on oil, running over +200 pips.
Lets see where this goes, could be a big one but we will now wait for TP2 - to make risk free and/or close on opposite signal.
There is a high probability that we will see a sell off, at least to the $25 mark. Price made a double top and now we are retesting structure through a correction. If we see a break, lower prices could be exposed.
We might see USOIL contracting a little bit in short term. This week, oil will test the swing high at 40.42 & if price is rejected at this level, oil possibly could pullback to 32. A close above 40.42 will be a positive signal for oil - meaning future pullback will be minimal...
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Several wick rejections on the 1 hourly of previous structure could indicate continued buys, I would like a 4 hourly indication to buy before I get involved! However, if we see the trendline break I will look for sells off of the retest.
Price is rallying in a corrective structure and we have reached the channel top. If we break, we can short this pair so the previous supportive level but longer term I still target the multi-year resistance structure.
WTIUSD H1 - Hourly timeframe, will take a fair few hourly candles to see a nice new high set and subsequent trendline test. Hopefully we can look to grab another entry next week, similar to the one we caught this week. Strong S/R and TL intersection point
Looking for some sell off bearish rejection here in the zone highlighted.
Lets see if we can get going with this one and see some nice signs before entering. Targets being at $30 and if broken all the way down to $17.
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two weeks long consolidation on wti.
the price was trading within a narrow horizontal range bouncing from 31.5 support and respecting 34.4 resistance.
Friday's price action was different.
it was the first time when the price set a higher low after testing the support of the range.
and then, during the US...
USDWTI M5 - Pushing that previous high now after that break and retest. really need to break this lower timeframe double top to maintain upside momentum.
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