WTI USOil Inverse H&S: Target $65 Long Term
In addition to my near term trading view, weekly chart show long term inverse H&S pattern as well. RSI upward move remains intact. CCI now at negative readings points to oversold levels while OBV/price divergence signals move upward still has room to be materialized. Strong USD may not persist given FOMC rate policy continues to remain gradual.
Long term buy entries above $50. Break above $50 will see the price move to the next major resistance range at $60 to $65.
Long term buy entries above $50. Break above $50 will see the price move to the next major resistance range at $60 to $65.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.