LDC870
Long

WTI Long - TTM Squeeze Setup

OANDA:WTICOUSD   West Texas Oil
Squeeze has been on for 10 days. Momentum has flattened out and is now turning positive. RSX curving back up, crossed above mid-line. DPMO shows a false top and beginning of another bounce.

Look for confirmation by establishing support around 55.60. First PT is 59.64; second PT would be retracement to .618 fib level at 63.75. Of course, this squeeze could be scuttled by any number of macro factors ( US-China trade deal news, EIA/API builds, a stop in OPEC cuts); but those same factors could also fuel a strong breakout if they are more positive than currently expected.
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