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.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
Where is the stop loss?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out