Apparently down but we have marvelous positive divergences....
I believe this range can extend up to 5 months in time until mid July , then we shall have a strong rally up.
Ok folks lets have a breakdown of the situation. WTI has to print a weekly close above 47.8 for us to even thinking of buying it. Very strong downtrend. Green zone is supporting the price but this will not last long if the buyers can not push above 47.8 and close there. Ultimately the bears will break through 45 and head towards 41.3 which is the main target....
Buy on pullback to 1245 to 1242. TP 1260