WTI OIL Major bullish signals last seen in July.WTI Oil (USOIL) Closed last week above the 1D MA50 (red trend-line) for the first time since July, which technically puts an end to the October - December 2023 downtrend but perhaps that's not the strongest bullish signal we've seen now. The asset completed on Friday a Golden Cross on the 4H time-frame, the first such formation since July 10th 2023.
That was at the start of a very aggressive rally up to late September to $95.00. We can yet speculate on such high target prices but on the shorter term, as long as the 4H RSI Higher Lows trend-line gives us another rebound, it should be enough not just to break above the Lower Highs of the price's Triangle but also above Resistance 1 (76.15). Our short-term target is 79.40, just below Resistance 2.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
