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:
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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!!
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