WTI CRUDE OIL: Aiming at 82.00 long term.
WTI Crude Oil is neutral on its 1D technical outlook (RSI = 48.507, MACD = -0.150, ADX = 34.872) as only today it crossed above the 1D MA50, following a correction since Jan 15th. The prevailing pattern is a Channel Up and we are very close to its bottom. The two bullish waves it had already, peaked after at least a +20% rise. As the 1D RSI is already on the S1 Zone, we anticipate a new bullish wave to start gradually and aim at the top of the Channel Up (TP = 82.00).
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Disclaimer
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