WTI OIL One last upside target. This is the signal to sell.

We are updating our WTI Oil (USOIL) outlook on last week’s buy signal:

WTI OIL Two break-out buy signals

Target 1 (78.50) has been hit as the price reached the Lower Highs trend-line that started on the January 27 High. If a 4H candle closes above this trend-line, you can extend buying towards Target 2 (80.00), which is where the 1D MA100 (green trend-line) is, posing as the Resistance.

We will open sells when the 4H RSI makes a Lower High. This has worked 100% on all three previous Highs of the December – February range.

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