WTI CRUDE OIL at the bottom of the Channel Up. Buy.
WTI Crude Oil reached the bottom of the 10 day Channel Up.
The RSI (4h) indicates that we may be at a bottom level similar to May 15th.
Trading Plan:
1. Buy on the current market price.
2. Sell at 73.50.
Targets:
1. 73.50 (MA100 1d).
2. 67.00 (Support 1).
Tips:
1. The RSI (4h) gives the strongest buy signal after it crosses under the 30.00 oversold level. Technically that is at 67.00. Use this indication to your advantage for a medium term buy.
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Notes:
Past trading plan:
The RSI (4h) indicates that we may be at a bottom level similar to May 15th.
Trading Plan:
1. Buy on the current market price.
2. Sell at 73.50.
Targets:
1. 73.50 (MA100 1d).
2. 67.00 (Support 1).
Tips:
1. The RSI (4h) gives the strongest buy signal after it crosses under the 30.00 oversold level. Technically that is at 67.00. Use this indication to your advantage for a medium term buy.
Please like, follow and comment!!
Notes:
Past trading plan:
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