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This may be a start of something big.
This is trending strong and another breakup is building up.
Price action is coming out of a downward wedge. It seems like it is in a bottoming process.
I'd bet a big draw down coming soon. No position until there's a directional break out of the wedge.
So where we going baby? I have no position until I see something.
It's just bear flag after bear flag.
Start of another reversal to the upside.
Already long waiting for that pop
Looking forward to the Redbook this week.
Let's go break and run.
First target to the box upon breaking the 200SMA.
If it can fall 50% in a few weeks, it can rise 50% in a few weeks. Over-bought/Over-sold signals are just signals. Giddy'up!
On the monthly, it's looking like it's not going to be able to break the all time high resistance.
Short on Break.
Once we get out of this zone, $40 is in our sight.
When WTI breaks 50SMA trend, this is the one to buy.