WTI Oil: Sell opportunity on the 1D Lower High.

The price is currently near the peak of an overbought 4H Channel Up (RSI = 76.597, STOCHRSI = 99.117) which is the Higher High extension of the 1D Channel Up (RSI = 69.418, MACD = 1.160, Highs/Lows = 1.8686, B/BP = 3.5340). The Higher High zone is inside 60.00 - 60.70 and as soon as it is priced, the 1D Channel Down should pull back to meet the inner (4H) support and possibly even make a Higher Low below 57.00. We are however on a more moderate sell perspective with TP = 58.30 and 57.85 depending on the Higher High made.



Take a look out at the previous estimation of the current bullish leg on 4H:






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