- November 25, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
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Pattern: Megaphone on the 1D time-frame.
Signal: Sell as the price has been rejected on the 1D MA50 (blue trend-line) and buy before it touches the 1D MA200 (orange trend-line) or when the RSI hits the Support Zone.
Target: 85.40 (the October 23 High).
Tradingview link:
https://www.tradingview.com/chart/USOIL/Ruv1Y4G2-WTI-OIL-Rejection-on-the-1D-MA50