WTI CRUDE OIL: Oversold with high chances of a rebound.WTI CRUDE OILTVC:USOILInvestingScopeWTI Crude Oil remains oversold on its 1D technical outlook (RSI = 28.639, MACD = -6.270, ADX = 63.989), stuck under its 4H MA50 for the past 3 weeks. The active pattern is a Channel Down since the beginning of May and right now the price is on its LL bottom but with the 4H RSI on a bullish divergence. Expect the 4H MA100 to be tested (TP = 73.50). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##