WTI crude oil price began to strengthen after reflection from the line -1/8, which in theory MM Lines is in the overbought area. Increases led then to the 5/8 line, which is very difficult to overcome for the first time.
So it was also in this situation. Price rebounded from the 5/8 and just returned to the line 4/8, where we were looking for opportunities to buy. Therefore, if appears purchasing signal eg. from price action will be considered speculation at higher prices, at least back to 5/8.
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