InvestingScope

WTI Oil: Higher Low made on 1W. Channel Up emerging. Bullish.

Long
FX:USOIL   CFDs on Crude Oil (WTI)
The 1W Channel Up priced its Higher Low last week and WTI already issued a three session rebound. If today's candle ends green, then the 1D Channel Down (RSI = 37.367, Highs/Lows = -0.9657) should get cancelled and test the previous Lower Low at 68.50. 4H is already on an emerging Channel Up (Highs/Lows = 0.0543). TP still 73.45 and 77.60 in extension.

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