WTI CRUDE OIL: Going to $100 by end of May.
WTI Crude Oil is on very healthy bullish levels on the 1D time-frame (RSI = 63.780, MACD = 1.930, ADX = 37.316) as well as on 1W (RSI = 60.882). This supports the notion that until 1W turns overbought, the 1D can continue to sustain the bullish sequence that started on the December 13th 2023 low. Having formed a 1D Golden Cross just this Tuesday, the last time we got that formation was on August 22nd 2023.
You can see that WTI was within the 0.5 - 0.618 Fibonacci range then and immediately rallied after the Cross to complete a +49.50% rise from the bottom. We expect a similar trend reaction and we are targeting slightly under the symmetric +49.50% mark (TP = 100.00).
See how our prior idea has worked out:
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You can see that WTI was within the 0.5 - 0.618 Fibonacci range then and immediately rallied after the Cross to complete a +49.50% rise from the bottom. We expect a similar trend reaction and we are targeting slightly under the symmetric +49.50% mark (TP = 100.00).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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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
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