We can see the price of WTI has broken the resistance at 54$, we are now experiencing a retest of it. We also have a trendline that offer support.
The 200, 100, 50 & 28 EMA are just under the current price, this could push the price higher.
We can see price has made a big rallye up to the trendline. We can see that at this point, the 200EMA daily, 28 EMA H4 & 50 EMA H4 are there too.
It's a good point to enter short. Risk/reward is pretty decent.
Wait & see.
