WTI OIL potential rejection leading to the Channel's bottom.

WTI Oil (USOIL) has been trading within a Channel Up pattern on the 1D time-frame with the price on a Bearish Leg since its January 15 Higher High.

The price is right now being rejected on its 1D MA50 (blue trend-line) and based on the last two main bearish sequences since July 2024, a 1D MA200 (orange trend-line) max rejection is quite possible here to continue the Bearish Leg.

Our Target is the bottom of the Channel Up at $69.

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