WTI OIL turned the 4H MA50 into Support and aiming higher.

WTI Oil (USOIL) has broken above the bearish trend of the former Lower Highs and a Channel Up emerged. The 4H MA50 (blue trend-line) broke for the first time in almost a month and has now been turned into Support.

As long as this holds, we expect Oil to target the 4H MA200 (orange trend-line) at $70.

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