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WTI CRUDE OIL: Rebound on Higher Lows expected. Target 4H MA200.

WTI Crude Oil is trading around the 4H MA50, testing the harmonic HL trendline as on the previous bottom rebound on March 24th. The 4H technicals turned red (RSI = 39.049, MACD = -0.190, ADX = 28.123), which again is consistent with the March pullback. We are adding a new buy here, targeting the 4H MA200 (TP = 76.50).

Prior idea:

WTI CRUDE OIL: Any pull back is a bargain to buy.

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