WTI Crude Oil is at the bottom of a Channel Down pattern. Comparison with the November 22nd fractal shows there might be one last Low left but already the Risk/Reward is appealing going long.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 72.00 (on Fibonacci 0.5 and Pivot 2).
Tips: 1. RSI (4h) is forming similar bottom pattern as November's.