WTI Crude Oil is practically neutral on its 1D technical outlook (RSI = 55.991, MACD = 0.160, ADX = 24.748) as it's on the 3rd straight day of flat consolidation on the 1D MA50. The last time it did this was on April 2nd, which resulted in a LH rejection to the S1 level. As the presence of the R1 level (64.90) is just above, we expect the market to get rejected and aim for the S1 again (TP = 56.00).
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Disclaimer
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