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WTI CRUDE OIL: Neutral on 4H but at the top of the Channel Down.

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
InvestingScope  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI wticrudeoil crude Oil Commodities Energy Commodities oiltrading commoditytrading
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trendanalysis chartpattern indicator usoil wticrudeoil crude oil commodities energy oiltrading commoditytrading
WTI Crude Oil is neutral on its 4H technical outlook (RSI = 44.657, MACD = -0.100, ADX = 42.834) as it has been trading sideways since the start of the month. Nonetheless, it got rejected yesterday at the top of the Channel Down and the 4H MA100, was where it got rejected last time on April 26th. We are short, aiming a the 1.5 Fibonacci extension (TP = 73.20).



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