WTI CRUDE OIL aiming at the 1day MA100 for rejection
WTI Crude Oil / USOIL is rising inside the short term Channel Up after a Double Bottom.
The long term trend remains bearish inside a multimonth Channel Down.
The 1day RSI is showing the same bullish divergence (Channel Up) as in December- January that led to a Lower High rejection.
Buy on the short term and target the 1day MA100 at 74.00 and then sell and target the Rising Support at 67.50.
Previous chart:
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The long term trend remains bearish inside a multimonth Channel Down.
The 1day RSI is showing the same bullish divergence (Channel Up) as in December- January that led to a Lower High rejection.
Buy on the short term and target the 1day MA100 at 74.00 and then sell and target the Rising Support at 67.50.
Previous chart:
Follow us, like the idea and leave a comment below!!
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