NYMEX:CLQ2020   CRUDE OIL FUTURES (AUG 2020)
Pattern: Channel Up on 4H.

Signal: Bullish as a bottoming fractal has been formed after the price bounced near the Higher Lows trend-line since May 27 and the RSI bounced near the Lower Low trend-line of its Channel Down.

Target: 42.00 (just below the Higher High of the Channel Up).


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Previous WTI signal:

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Comments

Thanks for sharing. Here’s my take on projecting price development of oil into couple of months.
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