{"id":13628,"date":"2023-05-04T11:32:38","date_gmt":"2023-05-04T11:32:38","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13628"},"modified":"2023-05-22T11:34:29","modified_gmt":"2023-05-22T11:34:29","slug":"wti-oil-very-strong-long-term-buy-opportunity","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/05\/04\/wti-oil-very-strong-long-term-buy-opportunity\/","title":{"rendered":"WTI OIL Very strong long-term Buy opportunity."},"content":{"rendered":"<p>WTI Oil (USOIL) hit the last remaining targets as pointed out on our April 24 idea:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL Filling the downside gap but short-term rebound.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/MVb0GAH9-WTI-OIL-Filling-the-downside-gap-but-short-term-rebound\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/m\/MVb0GAH9_big.png\" alt=\"WTI OIL Filling the downside gap but short-term rebound.\" \/><\/a><\/div>\n<p>In fact, this completed our long-term 3 target approach as presented on our analysis three weeks ago:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL on a triple Resistance test! Get ready for a big move.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/7pBKWKt8-WTI-OIL-on-a-triple-Resistance-test-Get-ready-for-a-big-move\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/7\/7pBKWKt8_big.png\" alt=\"WTI OIL on a triple Resistance test! Get ready for a big move.\" \/><\/a><\/div>\n<p>That has come after a Double Bottom buy almost 2 months ago (March 16), which falls into our usual long-term swing trading approach that we apply successfully on our activities:<\/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<p>Right now we are on a similar buy opportunity like that idea above almost 2 months ago, as not only did the price bounce aggressively on the 64.50 Support (previous Low) but also the 1D RSI got oversold (30.00) and is rebounding. That has been a common feature on all previous Lower Lows within the long-term (8-month) Channel Down pattern that started on the August 30 2022 High.<\/p>\n<p>Every bullish leg towards the Channel Down Top, has always hit at least the 1D MA50 (blue trend-line). That is currently at 75.66 but declining aggressively and we expect contact to be made at 73.90, which is the top of the 5-month Pivot Zone (that has been a Support for 3 months straight). The previous Lower High (April 13) was made exactly on the 1D MA200 (orange trend-line) which is the long-term Resistance, so it is very likely to hit that level also on the long-term but until then we will have our outlook updated.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/rkboUmUr-WTI-OIL-Very-strong-long-term-Buy-opportunity\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/rkboUmUr-WTI-OIL-Very-strong-long-term-Buy-opportunity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Oil (USOIL) hit the last remaining targets as pointed out on our April 24 idea: In fact, this completed our long-term 3 target approach as presented on our analysis three weeks ago: That has come after a Double Bottom buy almost 2 months ago (March 16), which falls into our usual long-term swing trading<\/p>\n","protected":false},"author":611,"featured_media":13629,"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-13628","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\/13628","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=13628"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13628\/revisions"}],"predecessor-version":[{"id":13631,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13628\/revisions\/13631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13629"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}