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WTI Crude Oil: Channel Up on 1H. Sell and Buy targets.

CFDs on WTI Crude Oil (TVC:USOIL)  
InvestingScope Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil wticrudeoil wtioil Crude Oil Crude Oil WTI Commodities Energy Commodities
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trendanalysis chartpattern indicator oil wticrudeoil wtioil crudeoil usoil commodities energy
Oil is trading within a Channel Up on the 1H chart (RSI = 66.305, MACD = 0.410, ADX = 40.465) and has just priced the Higher High on the 1H MA200 (orange line). Roughly a -9.00% pull back is expected for the next Higher Low (20.50) and then the bullish leg for the next Higher High at 22.90 (0.618 Fibonacci).




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Comment:
This is invalidated now after Trump's tweet on the proposed output cut (Saudi Arabia/ Russia).
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