CFDs on WTI Crude Oil
Long

WTI OIL Double entry Buy Signal

930
Pattern: Ascending Channel on 4H.

Signal: Buy as the price just hit 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) as the MACD is still open.

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



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