InvestingScope

WTI Oil: Bullish pattern.

Long
TVC:USOIL   CFDs on WTI Crude Oil
Oil made a Double Top last week on 4H just below the 58.00 mark. However the pull back was supported on the inner trend lines of the 1D Channel Up (RSI = 56.821, MACD = 1.010, Highs/Lows = 0.0000) indicating the possibility of a soft Higher Low. 4H resembles an Ascending Triangle aiming at its 58.80 Resistance. This is our weekly target. If the inner supporting trend lines break we will buy near 54.00.




** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.

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.