WTI OIL 1H Channel Up make or break Targets.

WTI Oil (USOIL) has been trading within a Channel Up on the 1H time-frame that is supported by the 1H MA200 (orange trend-line). As long as this holds, we expect another +2.50% Bullish Leg (at least), which gives a Target of $63.55.

If the price breaks below the 1H MA200 though, we will take this small loss on the long and go short instead, targeting Support 1 at $60.60.

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