CFDs on WTI Crude Oil
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USOIL confirm the uptrend ๐Ÿฆ

ืžืขื•ื“ื›ืŸ
USOIL on the 4h chart is in a strong bullish trend.
The price after the break above the daily resistance confirms the continuation, retests the structure, and now is testing a minor resistance.

How can we approach this scenario?

The current European-Russian situation put the energy markets under high pressure and increased volatility.
We will check if the price will break above the structure and in that case, we will set a nice long order according to Plancton's strategy rules.

-โ€“โ€“
Follow the Shrimp ๐Ÿฆ

Keep in mind.
๐ŸŸฃ Purple structure -> Monthly structure.
๐Ÿ”ด Red structure -> Weekly structure.
๐Ÿ”ต Blue structure -> Daily structure.
๐ŸŸก Yellow structure -> 4h structure.
โšซ๏ธ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง reached the 100 as expected
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง new recent high as expected
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง seems to be a classic 0.382 retest
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง after the test of the 0.382 we can expect a new high
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง 30 % profit since the original idea
ื”ืขืจื”
Some break after the strong impulse, 30% profit..not so bad

ืชืžื•ื ืช-ื‘ื–ืง
ื”ืขืจื”
ืชืžื•ื ืช-ื‘ื–ืง resistance rejection
ื”ืขืจื”
even in the high volatility OIL is still a technical market, the price in fact stop exactly at the 0.382 Fibonacci
ืชืžื•ื ืช-ื‘ื–ืง
240minOilTrend AnalysisCrude Oil WTI

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