WTI Crude Oil shows a breakout of the upper range on the 4 hour time frame. This can lead to a wave towards 50.30 before retracing a bit back down again. A few days ago I also published an idea on WTI Crude Oil at the Daily time frame which shows 52.50 as longer term target. Short term the 4 hour time frame is now atleast supporting a break of 50 and I am not suprised if it will break already today.
Buy at current market price, take profit 50.20, Stop loss 48.80
Buy at current market price, take profit 50.20, Stop loss 48.80