WTI CRUDE OIL: Bullish dirgence on 4H RSI points to $85.00
WTI Crude Oil is neutral on its 1D technical outlook (RSI = 46.798, MACD = 0.400, ADX = 43.927) as it hit the 1D MA50 and so far it is holding it. The correction of the past 2 weeks has been significant but the 4H RSI is posting a bullish divergence on HL and we might be technically having a bottom like February 27th. We anticipate an identical +18% rise (TP = 85.00).
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Disclaimer
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