Get started
InvestingScope

WTI Oil: Dec-February fractal shows mid term potential for $74.

Long
CFDs on Crude Oil (WTI) (FX:USOIL)  
InvestingScope  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators WTI Oil wtioil crude Crude Oil wticrudeoil Commodities Energy Commodities Crude Oil WTI
18
1
trendanalysis chartpattern indicator wti oil wtioil crude crudeoil wticrudeoil commodities energy usoil
Oil is replicating the December-February price action when the price again bottomed aggressively after an earlier market peak and then started rising gradually to the annual High. Common parameter is the Golden Cross on the 4H chart. We can assume that as long as the MA200 holds, the uptrend will be sustained. 1D is actually on strong bullish levels (RSI = 63.049) and 1W is about to break through its neutral barrier (RSI = 54.302, MACD = -0.860, Highs/Lows = 0.0000) into a medium term bullish trend towards $74.00.
Telegram: t.me/investingscope
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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.