InvestingScope
Long

First target hit. Second inbound. Channel Up intact.

FX:USOIL   CFDs on Crude Oil (WTI)
TP = 71.88 hit as the 4H Channel Up ( RSI = 70.292, Highs/Lows = 0.9429) aggressively moved to a new 72.30 Higher High. On a 1D basis, the Higher Low trend-line supports (black bold line) and 70.35 has to be tested as the new support. 1D remains on excellent bullish levels ( RSI = 64.802, MACD = 0.810, B/BP = 3.1440) and the next TP = 72.86 should be accomplished within the week. On the longer term, the 77.60 benchmark remains the point where I expect the next major pull back to take place.
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