WTI CRUDE OIL Strong buy signal

2023년 12월 11일

WTI Crude Oil is rebounding after breaching marginally under the 0.786 Fibonacci.
That is the retracement level of the ranged price action long-term in the last 12 months.
Symmetrically, it is a strong rebound level as witnessed on the December 9th 2022 low.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 77.50 (projected contact with the MA50 (1d)).
2. 81.50 (0.5 yellow Fibonacci like the Jan 3rd and 23rd Highs).

Tips:
1. The RSI (1d) has triple bottomed. Rarely you get a stronger buy signal than that.

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Notes:
Past trading plan: