WTI CRUDE OIL Strong buy signal
WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci.
That is the retracement level of the ranged price action long-term in the last 12 months.
Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (projected contact with the MA50 (1d)).
2. 81.50 (0.5 yellow Fibonacci like the Jan 3rd and 23rd Highs).
Tips:
1. The RSI (1d) has triple bottomed. Rarely you get a stronger buy signal than that.
Please like, follow and comment!!
Notes:
Past trading plan:
That is the retracement level of the ranged price action long-term in the last 12 months.
Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 77.50 (projected contact with the MA50 (1d)).
2. 81.50 (0.5 yellow Fibonacci like the Jan 3rd and 23rd Highs).
Tips:
1. The RSI (1d) has triple bottomed. Rarely you get a stronger buy signal than that.
Please like, follow and comment!!
Notes:
Past trading plan:
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Also doing account management, earn +15% monthly profit!
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