WTI CRUDE OIL: Solid buy opportunity, targeting the 1D MA100.

WTI Crude Oil has a sudden sell-of on the current 4H candle that touched the 69.00 price level and was quickly bought back. The 4H timeframe remained neutral despite this (RSI = 48.787, MACD = 0.110, ADX = 18.840), providing the ideal buy opportunity for the final leg upwards and test of the 1D MA100.

As you can see, the 4H RSI is fairly similar to the the first 2 weeks of may where the Channel Down started the bullish leg to the HH trendline. We are bullish already with TP = 74.50.

Prior idea:


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