WTI OIL Filling the downside gap but short-term rebound.

The WTI Oil (USOIL) got, as we expected, heavily rejected on the 1D MA200 (orange trend-line), starting to fill the gap of March:

Our next target is 74.00, just above the Pivot Zone, but on the short-term, with the 4H RSI rebounding after getting oversold (has given a 100% buy signal short-term in the past 4 months), we expect a rise towards the 4H MA50 (blue trend-line) for rejection.


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