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InvestingScope

WTI Oil: Ascending channel. Expect a strong bullish break out.

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
InvestingScope  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Oil WTI wtioil wticrudeoil Crude Oil Commodities Energy Commodities
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trendanalysis chartpattern indicator usoil oil wti wtioil wticrudeoil crudeoil commodities energy
Following the late April sharp decline, the price has found support at 60.00 and has since been rising on a 4H Channel Up (RSI = 53.331, MACD = 0.320, Highs/Lows = 0.0000). 1D is on bullish MA periods aiming for a test of the 66.65 Resistance. We are expecting a bullish break out soon and remain long on WTI with TP = 66.00.






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