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WTI Oil: Higher High on 1D. Short opportunity.

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West Texas Oil (OANDA:WTICOUSD)  
InvestingScope  
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Chart Patterns Technical Indicators Oil WTI crude wtioil Crude Oil wticrude wticrudeoil Commodities Energy Commodities
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trendanalysis chartpattern indicator oil wti crude wtioil crudeoil wticrude wticrudeoil commodities energy
Oil is trading on a standard 1D Channel Up (RSI = 64.843, MACD = 1.270, Highs/Lows = 1.5707, B/BP = 3.8940) and has just reached its Higher High. Technically we are expecting a pull back at this point with TP = 54.845 (risk seekers may extend the short as low as 53.275). Account for a + 1.20% noise (57.100) as the price action did on the last Higher Low.




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