USOIL (WTI) Previous Resistance turning Support?

4 באפר׳ 2019

We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy?

Two scenarios:

1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice.

2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line).

In both cases my TP is 65.00.