the beginning of 2019 is very bullish for wti! the market has already broken multiple levels of resistance and continues its steady movement in a rising channel.
right now the market is very close to a resistance line of a channel. looking left on a daily we see that the market is very close to a new significant resistance area between 59.0-60.0
I will be looking for selling opportunities as soon as the market approaches this zone.
inside this area, I will be looking for confirmation signals on lower timeframes!
the initial target will be based on structure and channel support line.
good luck!
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clear rejection of 59 level
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market is entering the zone now we are looking for a confirmation