$OIL down 2%+ and rejecting off that yellow trend line. Not touching it here — price is coiling tight and could rip either way. Feels 50-50, maybe slight bull bias, but not clean enough to risk capital.
My zones: $90.90 short if we pump there (no blind limits, need confirmation). $74 long if we dump. Outside that? No setup, no trade.
Getting flak from people saying TA is useless on oil. I get it — fundamentals matter. But the chart reflects those fundamentals. Volume trades at key levels, and that's what TA reads. You can disagree, call me stupid, whatever — I respect the debate. But I'm sticking to my levels and my stops.
My zones: $90.90 short if we pump there (no blind limits, need confirmation). $74 long if we dump. Outside that? No setup, no trade.
Getting flak from people saying TA is useless on oil. I get it — fundamentals matter. But the chart reflects those fundamentals. Volume trades at key levels, and that's what TA reads. You can disagree, call me stupid, whatever — I respect the debate. But I'm sticking to my levels and my stops.
