WTI OIL One last upside target. This is the signal to sell.
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We are updating our WTI Oil (USOIL) outlook on last week's buy signal:
Target 1 (78.50) has been hit as the price reached the Lower Highs trend-line that started on the January 27 High. If a 4H candle closes above this trend-line, you can extend buying towards Target 2 (80.00), which is where the 1D MA100 (green trend-line) is, posing as the Resistance.
We will open sells when the 4H RSI makes a Lower High. This has worked 100% on all three previous Highs of the December - February range.
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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.