WTI crude oil - Cypher set up ahead of OPEC meeting
- Daily chart shows Leg D of the Cypher pattern may have resumed. Leg D which is 78.6% of XA leg is seen at $40.28 levels.
- Note we also have a strong support of rising trend line (black).
- Daily RSI is threatening to breach its rising trend line as well.
- Cypher invalidation is seen only if prices see a day end closing above $5.18 levels.
