Technical picture has not chenged anything since my last post, except that Heikin Ashi signals an absolute undecision. Investors are clueless. No one really believes now that a break and fly to 70+ can hapen, but nor they believe it should really drop.
Tenkan and Senkou A still point up, price is above Kijun and we have a thick Kumo support below price.
As I believe in a weaker USD and more global risk on in coming months, I still believe that WTI price break is more likely to happen on the upper side. Next spike above 61 should be a firm (and maybe an ultimate) buy signal. If that happens, we will see a sharp move up to 70+ area.
p.s.: I already have some long position.
According to Heikin Ashi setup I still see it bearish, I don't know how low it can go (I see some possible supp/res ard 55,50), but until now I do not see any signal for a possible reversal or upward correction.