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1D Channel Up pullback completed. Resuming the bullish trend.

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 Crude Oil crude WTI wtioil wticrudeoil Energy Commodities Commodities
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trendanalysis chartpattern indicator usoil oil crudeoil crude wti wtioil wticrudeoil energy commodities
The 1D Channel Up (RSI = 60.149, MACD = 1.470, B/BP = 0.7520) has pulled back to price a Higher Low near 73.00 and is now on optimal levels (Highs/Lows = 0) to start recovering. Fundamentally we cannot dismiss sideways trading until Thursday's Inventories, but technically the current level should hold and provide a bullish reversal. If it doesn't then the 70.35 - 71.35 support zone will be put to test. TP = 77.60.
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