WTI Channel Long???

WTI is in an upward trend and looks to follow to the upside of the channel to around $83. Although the RSI is looking to be reaching oversold, the inverted Head and Shoulders looks to push the price up. A resistance at the 100 EMA on the daily is sure to give a slight downwards push before confirming the uptrend.

Entrance on confirmation on the RSI divergence and SMII cross and uptrend below 0 on the hourly time-frame will optimize direction.

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This is TA is meant only for educational purposes and is in no way advice to buy or sell.