WTI CRUDE OIL Strong buy signal
WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci.
That is the retracement level of the ranged price action long-term in the last 12 months.
Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (projected contact with the MA50 (1d)).
2. 81.50 (0.5 yellow Fibonacci like the Jan 3rd and 23rd Highs).
Tips:
1. The RSI (1d) has triple bottomed. Rarely you get a stronger buy signal than that.
Please like, follow and comment!!
Notes:
Past trading plan:
That is the retracement level of the ranged price action long-term in the last 12 months.
Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (projected contact with the MA50 (1d)).
2. 81.50 (0.5 yellow Fibonacci like the Jan 3rd and 23rd Highs).
Tips:
1. The RSI (1d) has triple bottomed. Rarely you get a stronger buy signal than that.
Please like, follow and comment!!
Notes:
Past trading plan:
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.