The WTI Crude Oil failed to break over the 4hour MA100 but the subsequent rejection tested and held the 4hour MA50. This is a sign that the short term Channel Up remains valid. However the 4hour RSI break below its MA level potentially indicates that this is the last push before it peaks. This has been a valid signal since December 1st.
Our Target is 81.00 (under Resistance A) and for the reversal our sell's Target is 76.90 (above Support A).
Follow us, like the idea and leave a comment below!!