The WTI Crude Oil is on red 1D technicals (RSI = 34.723, MACD = -0.710, ADX = 29.076) as the price broke under S1 and is headed of S2 (70.10), the lowest level it has been on since the December 9th Bottom.
As the RSI hit the bottom of the four month Rectangle, this shapes up to be the best buy opportunity on a four month basis. We are long (TP = 77.50).
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