Crude Oil Trading Strategies and Daily Market Breakdown

Usoil is showing rejections at the rectangle level, just wait for a breakout from that rectangle with strong bullish volume before buying

USOIL Trade Update
Bias- Buys
The Second bottom price is forming at that 71.46 region would have been my entry, but I still have some extra details it needs to invalidate before i consider the buys. I want to see a break above 72.47, and an invalidation of that bearish trendline, then join on the rebound.

Oil reacting at the rectangle zone, if oil pushes higher then we will see gold and other pairs doing well

Please what's the difference between brent oil and wti crude?

what of the quality, do they have the same quality because is see their prices are different

Brent Oil

Comes from the North Sea , between the UK and Norway

It is the global benchmark for oil prices.

Many countries in Europe, Africa, and the Middle East use Brent as their pricing reference.

Think of Brent as the "international oil price."

WTI : West Texas Intermediate Crude

Comes from Texas, USA.

It is the main benchmark for oil in the United States.

WTI is usually a little lighter and cleaner, making it slightly easier and cheaper to refine into fuels like petrol

Think of WTI as America crude oil

Their quality is not the same Brent is slightly heavier and contains a little more sulphur

While WTI is higher quality because it is lighter and contains less sulphur

And this quality make it easier and cheaper to refine into diesel and petrol