This trend analysis is NOT a suggestion for any type of investment. I'm just testing the platform.
Crude oil inventories(yesterday, 4th april, 4.30 pm):
forecast: 1,400M
actual: -4,617M
Cushing Oklahoma inventories:
previous: 1,804M
actual: 3,666M
2 possible scenarios:
Bullish: after the "uncertainty bubble" open until 5 pm, the USOIL has not yet strongly burst the bubble, so it will bounce over the bubble to the 1_resistance around area.
Bearish (most probable): the USOIL will burst the bubble under 63,25 and it will rush to 62,10 area. Probably it won't go under 61,90 because in a D view the trend is still Bullish, so after the rush to 62,10 it will probably bounce and continue to grow to 65 area, especially if the next week inventories will be so low as the yesterdays ones.
Crude oil inventories(yesterday, 4th april, 4.30 pm):
forecast: 1,400M
actual: -4,617M
Cushing Oklahoma inventories:
previous: 1,804M
actual: 3,666M
2 possible scenarios:
Bullish: after the "uncertainty bubble" open until 5 pm, the USOIL has not yet strongly burst the bubble, so it will bounce over the bubble to the 1_resistance around area.
Bearish (most probable): the USOIL will burst the bubble under 63,25 and it will rush to 62,10 area. Probably it won't go under 61,90 because in a D view the trend is still Bullish, so after the rush to 62,10 it will probably bounce and continue to grow to 65 area, especially if the next week inventories will be so low as the yesterdays ones.