Bullish reversal in progress. Long.

24 ביולי 2018

1D has started breaking into neutral levels (RSI = 45.047), covering the MA100, and although the curve took a slight extension, 4H is on adequate bullish levels (ADX = 34.737, B/BP = 1.0760) to justify a strong bullish leg tomorrow. The candle similarities on 1D (see chart) makes for a perfect pattern recognition into a strong bullish candle after tomorrow's Crude Oil Inventories (early E.U. speculation though can keep the price low ~ 67.70 before finally filling the 70.85 Gap. We remain bullish, TP = 71.88 and 72.86 in extension.