WTI OIL Rejection on the 1D MA50

 

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



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