InvestingScope
Long

Higher Low support line intact. Bullish continuation.

FX:USOIL   CFDs on Crude Oil (WTI)
After a pull back to the 67.80 support (Higher Low) on the 4H scale, WTI is rebounding again towards the 70.60 Resistance. Since the Higher Low supporting line on 1D held (bold black), the medium term bullish trend is intact ( MACD = 0.090, B/BP = 0.2200) despite the obvious neutral bias ( RSI = 52.856, Highs/Lows = 0.0000) that are dsiplayed since USOIL trades below the 70.60 Resistance. Technically the emerging 4H Channel Up ( RSI = 52.512) should attempt a 71.88 Higher High this week. We remain bullish with TP = 71.88 and 72.86 extension intact.
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Where is the stop loss?
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