WTI Oil: Higher Low priced. Recovery expected.

The 1D Channel Up broke to the downside (Highs/Lows = -1.2329, B/BP = -1.8920) but managed to find enough support (RSI = 47.344, MACD = 0.570) for the moment near 70.50, which has high importance as a mark. First, it is the Higher Low supporting trend-line on 1D and second the 0.500 Fibonacci level. Our long term TP for USOIL remains 77.60, additional long taken for a short term TP = 73.45.