WTI December Trend Lines Form the POC zone

The WTI is currently getting close to its December trend lines, and it might be either make it or break it. The POC zone ( Weekly camarilla pivot, D L4, 78.6) is sitting precisely between W H1 and W L1 levels, minor camarillas that usually provide a breakout direction on the instrument. 61.50-70 is the zone. If it rejects the zone, watch for a possible retest of 62.20 and 62.66. However, a drop below 61.50 should aim for 61.24, 60.24 and 60.36 if we see a bearish momentum and 4h close below W L3- 60.94.

• W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
• W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
• D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)
• D L3 – Daily Camarilla Pivot (Daily Support)
• D L4 – Daily H4 Camarilla (Very Strong Daily Support)
• POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

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