We have been moving in quite a narrowing range and it is about to make an important move either way. Could be a retest (double top) of previous highs or going lower around the next hi-demand area at 52 area. That would be my bet but I am currently not shorting WTI oil as I don't like to trade in "noman's land".
Cheers
Cheers
Trade active:
Below EMA 21 and EMA 10 and supported by EMA 100. Still not taking any position as I am waiting a breakout in any direction to decide.