WTI Crude Oil: Channel Up approaching the buy levels.
Oil is trading within a Channel Up on the 4H chart (RSI = 47.620, MACD = 0.080, ADX = 19.348) with the price currently testing the Inner Higher Lows trend-line (dashed). This is technically a buy signal based on the candle action since July 10th. If that breaks we will buy on the Channel Up bottom (Higher Low trend-line) aiming at a price near the 42.50 Resistance.
If the 4H MA200 breaks though, we will book the loss and turn bearish towards the 37.50 - 37.00 Support Zone to cover the loss and add profit on top.
Our previous trade:
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If the 4H MA200 breaks though, we will book the loss and turn bearish towards the 37.50 - 37.00 Support Zone to cover the loss and add profit on top.
Our previous trade:
** If you like our free content follow our profile to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial