{"id":13427,"date":"2023-03-21T13:12:39","date_gmt":"2023-03-21T13:12:39","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13427"},"modified":"2023-05-21T13:14:23","modified_gmt":"2023-05-21T13:14:23","slug":"wti-oil-inverse-head-and-shoulders-cementing-the-bottom","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/21\/wti-oil-inverse-head-and-shoulders-cementing-the-bottom\/","title":{"rendered":"WTI OIL Inverse Head and Shoulders cementing the bottom."},"content":{"rendered":"<p>WTI Oil (USOIL) is forming an Inverse Head and Shoulders (IH&amp;S) pattern on the 4H time-frame, which is a technical bottom and bullish reversal formation. The 4H RSI is on a Higher Lows trend-line, indicating an uptrend and already above the 50.00 neutral mark. One last pull-back to the 65.70 Symmetrical Support is possible, before a strong rally targeting the 1D MA50 (blue trend-line). Our target is 74.50.<\/p>\n<p>This is an update to our last week analysis:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL Excellent long-term buy opportunity.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/kkHUyQrT-WTI-OIL-Excellent-long-term-buy-opportunity\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/k\/kkHUyQrT_big.png\" alt=\"WTI OIL Excellent long-term buy opportunity.\" \/><\/a><\/div>\n<div>Tradingview link:<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/eDIAlz8v-WTI-OIL-Inverse-Head-and-Shoulders-cementing-the-bottom\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/eDIAlz8v-WTI-OIL-Inverse-Head-and-Shoulders-cementing-the-bottom<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WTI Oil (USOIL) is forming an Inverse Head and Shoulders (IH&amp;S) pattern on the 4H time-frame, which is a technical bottom and bullish reversal formation. The 4H RSI is on a Higher Lows trend-line, indicating an uptrend and already above the 50.00 neutral mark. One last pull-back to the 65.70 Symmetrical Support is possible, before<\/p>\n","protected":false},"author":611,"featured_media":13428,"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-13427","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\/13427","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=13427"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13427\/revisions"}],"predecessor-version":[{"id":13430,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13427\/revisions\/13430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13428"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}