WTI Oil: Sell and Buy entries within the Channel Up.

TVC:USOIL   CFDs on WTI Crude Oil
Oil hit our last buy target (57.30) and the 1D Channel Up ( RSI = 58.982, MACD = 0.300, Highs/Lows = 1.1300) is near its Higher High trend line . As mentioned since October 16th, the Higher Highs of the Channel are symmetrical with the Lower Lows of September's downtrend (see that idea below):

We are expecting a similar price action with a rebound near the 4H MA200 (55.00). Our long Target is 58.50.

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
And oil down! Nice
Still expecting this to hit 55 before 58.5? Stuck in a short, any clue when we can see 55 again?
+1 Reply
InvestingScope privatedropout
@privatedropout, Yes we still expect the price to reach 55 - 55.50 before a stronger bullish leg. The horizon is 1 week.
Masuparadigo InvestingScope
@InvestingScope, do you think downwards movement is done or will we see some more down movement before up again
+1 Reply
InvestingScope Masuparadigo
@Masuparadigo, One more leg down is due based on that Channel.
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