{"id":11727,"date":"2021-12-27T09:31:28","date_gmt":"2021-12-27T09:31:28","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11727"},"modified":"2023-05-08T09:33:37","modified_gmt":"2023-05-08T09:33:37","slug":"wti-oil-the-important-1d-ma50-test","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/12\/27\/wti-oil-the-important-1d-ma50-test\/","title":{"rendered":"WTI OIL The important 1D MA50 test"},"content":{"rendered":"

 <\/p>\n

Right now WTI is ahead of the first important test of this uptrend, the 1D MA50 (blue trend-line) which is currently posing as a Resistance. If that breaks, we have a strong case of a bullish continuation. However, this the current wave is repeating that of August – September quite closely, the (yellow) Lower Highs trend-line will be critical as well, and what I am particularly looking as confirmation is a rejection there, hold on the 1D MA50 and the red Ichimoku area and then a strong bullish break-out. The RSI is so far on course for its Symmetrical Resistance of those Lower Highs. If that breaks, our next target will be $85.00.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/USOIL\/aVIf4VGv-WTI-OIL-The-important-1D-MA50-test<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Right now WTI is ahead of the first important test of this uptrend, the 1D MA50 (blue trend-line) which is currently posing as a Resistance. If that breaks, we have a strong case of a bullish continuation. However, this the current wave is repeating that of August – September quite closely, the (yellow) Lower<\/p>\n","protected":false},"author":611,"featured_media":11728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11727"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11727\/revisions"}],"predecessor-version":[{"id":11730,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11727\/revisions\/11730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11728"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}