WTI CRUDE OIL Buy signal under the 4hour MA50
WTI Crude Oil / USOIL is trading inside a Channel Down for almost 2 months.
The recent Lower Low on its bottom is so far replicating the previous one on October 6th.
Today's sudden decline made a symmetric pull-back as on October 12th.
This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200.
A crossing over the 4hour MA50 will confirm the buy.
Target 79.50, which is under Resistance A, like the Lower High of October 20th.
Previous chart:
Follow us, like the idea and leave a comment below!!
The recent Lower Low on its bottom is so far replicating the previous one on October 6th.
Today's sudden decline made a symmetric pull-back as on October 12th.
This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200.
A crossing over the 4hour MA50 will confirm the buy.
Target 79.50, which is under Resistance A, like the Lower High of October 20th.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.