USDWTI Technical Projection for the Week (24/02)

USDWTI is inside trailing an upward channel approaching a previous high at 57.60. Price can go for a breakout resistance level at 57.60 or pullback to 55.34 before it continue the uptrend. I prefer to see a pullback before riding the trend again.

Bullish Scenario, with target at 60
Bearish Scenario, with target at 55.5

Disclaimer: This technical analysis is not to be treated as financial advice but solely for educational purposes only.