WTI Oil: Monthly Higher Low made. Next bullish leg expected.

The 1M (monthly) Channel Up (RSI = 58.935, MACD = 5.090, Highs/Lows = 2.1957, B/BP = 13.9500) made its Higher Low last week and should now technically begin a slow increase on a weekly basis first towards 72.30 and then 75.00. Our ultimate target remains a Higher High at 77.60, holding also positions for the short term with a TP = 73.45. There is one possibility (less likely) also that the chart will follow a slightly tilted Channel Up, which has slightly more downside (67.40), which eventually still aims at 77.60.