- March 27, 2023
- Posted by: Tradingshot Articles
- Category: Commodities
No Comments

WTI Oil (USOIL) transitioned from the Inverse Head and Shoulders (IH&S) pattern we described last week to a Channel Up:
Our target remains 74.50 on the medium-term which makes both a Higher High on the Channel Up while filling a 2.0 Fibonacci extension, which is the technical target for the IH&S.
Tradingview link:
https://www.tradingview.com/chart/USOIL/Fdx7w1Ns-WTI-OIL-Channel-Up-aiming-at-the-1D-MA50