Road is getting paved more, still looking pretty good for the next resistance.
short temporarily. If the next 45 min candle doesn't engulf the previous candle prices will keep going down for now. If the bottom diagonal trendline breaks then it will keep going short till its local support, if it rebounds at the diagonal trend line it will get back on track on its long bull run to the next resistance.
For now am long. If the prices stays within the current supports' threshold (39.8 - 40.2) prices will be heading to the next resistance (43.5 - 43.77). A solid candle that breaks through 39.8 (on a 45min chart) will cause a bear run.
will post a bull trend when one is clear
A bear trend has been confirmed if the current support (37.03-27.29) breaks expect prices to head to 34.53.
$38.79 is currently acting as both a resistance and support. For now WTI is moving sideways, good evidence of breaking the resistance or support will determine which way it will thrive. When it does happen it will be fast, so keep an eye out so you don't join the party too late.