WTI OIL Buy Signal

Pattern: Ascending Channel on 4H.

Signal: Buy as the price just hit again the 4H MA50, which has been supporting since November 03. Keep another buy ready in case the price hits the 0.618 Fibonacci retracement level (Highs and Lows since November 06 are on a progressive sequence). MACD repeating the Nov 16-22 consolidation pattern.

Target: 48.00 (just below the 0.382 Fib extension).



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