WTI Trend is Bullish Aiming for W H3-H4 Resistance
The WTI has formed a bullish move just above Weekly L3 level. At this point we might see either a retest of POC zone or a continuation to the upside.
Successful retest of the POC 57.50-80 might show us a new wave of buyers and the price might bounce. The first target is 59.85 followed by 60.23. A close above 60.23 should be targeting W H4 camarilla resistance 61.45. Only if the WTI loses W L4 camarilla 56.57 – the price will go down retesting previous lows.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX