WTI OIL First buyers on the 4H MA50

Pattern: Channel Up and Bullish Megaphone on 4H.

Signal: Bullish once the price makes contact with the 4H MA50 (strong buy accumulation level since November).

Target: 60.00 (top of the Channel Up), if seeking more risk aim at 62.50 (top of the Megaphone and 2.0 Fibonacci extension, which indicates the Higher High since November).

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Tradingview link:

https://www.tradingview.com/chart/USOIL/nBxtdepN-WTI-OIL-First-buyers-on-the-4H-MA50/