WTI Crude Oil is approaching a major daily demand area. Depending on the reaction to the underlined structure, I see 2 potential scenarios:
If you want to buy WTI, I would suggest watching a falling wedge pattern on a daily. Its bullish breakout will trigger a bullish continuation at least to 104.6. (we need at least a daily candle close above that to confirm the breakout)
If you want to short, I would suggest waiting for a bearish breakout of 93.0 - 95.0 area. Daily candle close below that will trigger a bearish continuation to 87.5 - 90.0 area.
Wait for a breakout and only then follow the market.
What do you expect?
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i think it will go down and bounce on daily support 91.92. Dont you think support is actually there, at 92 - 91.92? Its between your two yellow boxes...