WTI OIL First 4H Golden Cross since November!


WTI Crude Oil has just formed a Golden Cross on the 4H chart (MA50 (blue trend-line) crossing above the MA200 (orange trend-line)), the first since November 12, 2020. The price action since March 12 is quite similar to late October – early November. After the Death Cross on October 27, 2020, a bottom was formed a few days later. Once the Golden Cross was formed on November 12, 2020, the very aggressive rally of December – March was initiated. We are on a similar situation right now. The March 26 Death Cross may have priced the Bottom and if so, then today’s Golden Cross may kick-start a new rally. I expect a value above $70.00 before June.

Most recent WTI signal:

WTI OIL turned bullish again

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **


!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot’s 💰 top TradingView Coin donor 💰 this week ==> kylevd23

Tradingview link:


Add a comment