WTI OIL Rebound on the 1D MA50

Pattern: Fibonacci Channel on 4H.

Signal: Buy as the price hit the 1D MA50 (green dotted line) and rebounded while the 4H MACD made a Bullish Cross.

Target: 69.00 (the 2.0 Fib extension) and 72.00 (the 2.5 Fib extension).




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