WTI Crude Oil: Bullish on the short-term.

Crude Oil Futures (Aug 2020) (NYMEX:CLQ2020)

NYMEX:CLQ2020 Crude Oil Futures (Aug 2020)

trendanalysis chartpattern indicator wticrudeoil wticrude crudeoil wtioil usoil oil energy commodities clq2020

WTI is trading within a Channel Up on the 4H chart (RSI = 56.026, MACD = 0.100, ADX = 22.319) having successfully crossed the 4H MA50. This has been typically a bullish extension sign since May 28th. We are bullish aiming at 41.50 - 42.00.

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