WTI OIL: Trend changing to bullish.
WTI Oil pulled back as we expected on our previous trade and filled the 0.618 Fibonacci level.
Consistent with the March 24th 0.618 Fib fill (and the RSI on a harmonic buy level), a rebound now is heavily favored as the Falling Resistance from the prior market top, has already broken.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 76.00 (MA200 4h).
Tips:
1. RSI (4h) crossed above the MA, as it did on March 27th on the previous market rally. This is an additional strong buy signal.
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Notes:
Past trading plan:
Consistent with the March 24th 0.618 Fib fill (and the RSI on a harmonic buy level), a rebound now is heavily favored as the Falling Resistance from the prior market top, has already broken.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 76.00 (MA200 4h).
Tips:
1. RSI (4h) crossed above the MA, as it did on March 27th on the previous market rally. This is an additional strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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