WTI OIL needs to hit the 4H MA50 to accumulate buyers

Pattern: Bullish Megaphone on 4H.

Signal: Buy once contact is made with the 4H MA50 (blue trend-line) and after the price consolidates with a Double Bottom. Every drop below the 4H MA50 has been the optimal buy entry.

Target: 53.90 (the Resistance) and for those seeking more risk 56.00.


Most recent WTI signal:

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