WTIUSD| USOil ON A BULLISH ASSIGNMENT

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US oil finally repriced to go higher...

Confluences:

  • A sweep of liquidity below a weekly low
  • smartmoney Trapping retail bullish orders on the weekly with a failure swing
  • expansion to the upside creating a bullish mss / smartmoney institutional price swing/ Bullish Open float
  • Price traded I to the discount of the price swing and expanded to create equal highs.
  • smart money traded lower to trapped retail resistance traders
  • The smartmoney engineered liquidity below a short term low to take the price higher to a HTF premium array which is the draw on liquidity highlighted in the chart above.


Expectation:
Us oils will be price higher by the smart money to draw to the draw on liquidity.

Conclusion:
we have a bullish bias for this week and beyond

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