WTI Oil: The channel's low is made. Expect a new Lower High.

The Triangle broke and since the 49.40 Low was crossed, 1D emerged as a Channel Down (RSI = 31.885, MACD = -2.650, Highs/Lows = -1.7614, B/BP = -4.8020). Given the High-Low measurements of the Channel and the candle duration between each key point, the Lower Low should be priced near 47.10. After that is completed, a new Lower High at 52.00 can be estimated using the same measurements.





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