WTI OIL Buy signal if the 4H MA50 breaks.

WTI Oil (USOIL) appears to have found short-term Support since the August 13 Low, turning sideways, with its 4H RSI however on Higher Lows, thus displaying a Bullish Divergence.

This is similar to the June 24 - July 02 Bullish Divergence, which once it broke above the 4H MA50 (blue trend-line), it topped a little over the 0.382 Fibonacci retracement level.

As a result, we will be waiting for the 4H MA50 bullish break-out signal to target $65.60 (Fib 0.382).

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