{"id":13054,"date":"2023-01-10T08:00:16","date_gmt":"2023-01-10T08:00:16","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13054"},"modified":"2023-05-18T08:07:43","modified_gmt":"2023-05-18T08:07:43","slug":"wti-oil-4h-death-cross-trade-the-break-outs","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/01\/10\/wti-oil-4h-death-cross-trade-the-break-outs\/","title":{"rendered":"WTI OIL 4H Death Cross. Trade the break-outs."},"content":{"rendered":"<p>WTI Oil (USOIL) formed yesterday a Death Cross on the 4H time-frame, the first such (bearish) formation in almost 2 months (since November 17 2022). The price got rejected exactly on both the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line) following last week&#8217;s rejection (January 03) on the 1D MA50 (yellow trend-line). We covered this on our last week analysis:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL 4H MA50 holding as Support. Levels to buy and sell.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/xSYmczWi-WTI-OIL-4H-MA50-holding-as-Support-Levels-to-buy-and-sell\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/x\/xSYmczWi_big.png\" alt=\"WTI OIL 4H MA50 holding as Support. Levels to buy and sell.\" \/><\/a><\/div>\n<p>The only pattern that is in favor of Oil rising is the Channel Up of October 18 to November 07, which held the Medium-term Support. A similar Channel Up can re-test the 1D MA50 but as always on risky set-ups, it is best to trade the break-out. That is the 76.70 Resistance, between the 4H MA200 and 4H MA50.<\/p>\n<p>On the downside, a break below the 72.50 Support, targets a Lower Low on the long-term Channel Down (dashed) close to 68.00.<\/p>\n<p>As before, keep an eye on the 1D RSI, which has a clear Lower Highs trend-line that offers solid sell entries.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/kYgfvPRA-WTI-OIL-4H-Death-Cross-Trade-the-break-outs\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/kYgfvPRA-WTI-OIL-4H-Death-Cross-Trade-the-break-outs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Oil (USOIL) formed yesterday a Death Cross on the 4H time-frame, the first such (bearish) formation in almost 2 months (since November 17 2022). The price got rejected exactly on both the 4H MA50 (blue trend-line) and 4H MA200 (orange trend-line) following last week&#8217;s rejection (January 03) on the 1D MA50 (yellow trend-line). We<\/p>\n","protected":false},"author":611,"featured_media":13055,"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-13054","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\/13054","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=13054"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13054\/revisions"}],"predecessor-version":[{"id":13057,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13054\/revisions\/13057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13055"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}