YaKa

WTI - buy 52 to 61 and sell

FX:USOIL   Crude Oil (WTI)
792 3 10
Some important breakout occurred.

WTI behaves as if it was waiting for a catalyst to jump to 61.

Market participants are positioned short.

Correlation with equities is thought of positive and could locally transit to negative.

Not an easy call but i would certainly not be comfortable short here.
noone is comfortable short with oil.. same goes for longs, so.. :)
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YaKa PRO andrein
Everything i read points down... so if they are not comfortable, they talk it down. But yes i hear you. In the middle of the range so not easy at all here. My gut feeling: long
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https://youtu.be/_-J85RWKLdo
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