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WTI Crude Oil Trading

Quoting yani38
{quote} 1. No probs, and yes sure are Crazy days, but when aren't they I guess, re the Markets, and the flow on effect to the Public's budget. 2. Yes, 7000 A200 and 0.7000 AUD have both been flogged to death, so had to go, a flush out thing. Trust AUD holds up from here, currently 0.6960. Good luck J. : )
Then 7000 is the lucky number for today. AU nearly at mentioned point, probable retracement for a few to make LH, but so much space remaining, have a look at weekly chart.

Natural Gas fell sharp to 7000.
Wth WTI is waiting for? 122 achieved with some eaarly volatility. Price is ignoring covid cases rising in China and India.
Last push lower before the rise.

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Last sell trade, 114 holding.

US Crude Daily
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Closed my last sell, out of all trades.
Oversold. Watching support level to buy lower.
What do you think?
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Quoting Jolita
Closed my last sell, out of all trades. Oversold. Watching support level to buy lower. What do you think? {image}
The real bounce will be at $110 I think. 50 DMA.
Be humble or be humbled.
Quoting Temujin
{quote} The real bounce will be at $110 I think. 50 DMA.
Maybe a bit lower, holding tight, not a good sign, this is fake out.

Reuters tweet - Sri Lanka left with fuel stocks for around five days
reut.rs/3aYlcoh
Quoting Jolita
{quote} Maybe a bit lower, holding tight, not a good sign, this is fake out. Reuters tweet - Sri Lanka left with fuel stocks for around five days reut.rs/3aYlcoh
The Fed is succeeding. I have a feeling the REAL rush to the exit is coming because now the Fed balance sheet is being rolled off PLUS more hikes to come. This is just the start.
Be humble or be humbled.
Home work done. Not far from

Rising wedge and a big one.
Fingers trade safe
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Wedges and how to trade
https://www.babypips.com/learn/forex/wedges
#CRUDEOIL / H4
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Bearish trend, nice dip

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Quoting Jolita
Bearish trend, nice dip {image}
$107 next week then up.
Be humble or be humbled.
Quoting Temujin
{quote} $107 next week then up.
What a strong bearish move, $107 hit.
This should dip exactly to $97.30, same low as pink box on the left. Thats how rising wedge works.
I am selling from $114.
Quoting Jolita
{quote} What a strong bearish move, $107 hit. This should dip exactly to $97.30, same low as pink box on the left. Thats how rising wedge works. I am selling from $114.
So far is going according to plan.
$101 will test once again, tough nut to break below $100.
Daily & Weekly
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Kwame, are you selling this lux with me?
Quoting Jolita
{quote} What a strong bearish move, $107 hit. This should dip exactly to $97.30, same low as pink box on the left. Thats how rising wedge works. I am selling from $114.
Buying the temporary bounce at $100 but the real rally is $90
Be humble or be humbled.
Quoting Temujin
{quote} Buying the temporary bounce at $100 but the real rally is $90
Some analysts predict even lower plummet to $60.

Was a nice bounce up, isn't it?
Could be a good buy from
$97.30ish.
New tensions are rising between Kaliningrad and Lithuania. Putin will not stay quiet for long.
So many "accidental'' drones hit at power stations and cause fires.
Quoting Jolita
{quote} Some analysts predict even lower plummet to $60. Was a nice bounce up, isn't it? Could be a good buy from $97.30ish. New tensions are rising between Kaliningrad and Lithuania. Putin will not stay quiet for long. So many "accidental'' drones hit at power stations and cause fires.
$60? Wow idk. Be careful, Biden meeting with oil execs today.
Be humble or be humbled.
Quoting Temujin
{quote} $60? Wow idk. Be careful, Biden meeting with oil execs today.

Yes, I am. New W pattern in play
EU is preparing for gas cuts
this bearish trend has been pretty strong . looks like it may be setting up for another break down possibly sub $100 i would expect a big bounce around there if it does. the monsters (bulls) are probably lingering somewhere down there.
Quoting Kwame Freder
this bearish trend has been pretty strong . looks like it may be setting up for another break down possibly sub $100 i would expect a big bounce around there if it does. the monsters (bulls) are probably lingering somewhere down there.
Will fall to $90 in tandem with the SPX with another huge rate hike in July.
Be humble or be humbled.
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