⚔️ WTI has entered the cloud. Who will win the battle?
On the daily chart, WTI crude oil plunged from near $100 and dropped into the Ichimoku cloud. The price is around 90.37, in the middle of a decision zone: the cloud’s base is near 87.9 and its top near 91.7.
Inside the cloud, the market loses its clear direction. That’s where buyers and sellers wage their battle, and each candle shows who is advancing and who is retreating. The cloud is the battlefield.
$OILT.ETF $XOM $PBR.US
On the daily chart, WTI crude oil plunged from near $100 and dropped into the Ichimoku cloud. The price is around 90.37, in the middle of a decision zone: the cloud’s base is near 87.9 and its top near 91.7.
Inside the cloud, the market loses its clear direction. That’s where buyers and sellers wage their battle, and each candle shows who is advancing and who is retreating. The cloud is the battlefield.
$OILT.ETF $XOM $PBR.US