Despite all the geopolitical noise and the big build in oil inventory in this week report, WTI has failed to print a new low.
It's true that WTI has broken the upward channel on the weekly time frame which started from sub 42$ back on Jun 2017 as in the picture below. ideally a retest of the channel should happen to confirm the long-term reversal but I believe bulls are trying to go against all odds.
In short, a 1H candle closing above 68 is the 1st warning, as it would violate the midterm down slop in my chart and suggest the bull trend continuation
On higher time frames
It's true that WTI has broken the upward channel on the weekly time frame which started from sub 42$ back on Jun 2017 as in the picture below. ideally a retest of the channel should happen to confirm the long-term reversal but I believe bulls are trying to go against all odds.
In short, a 1H candle closing above 68 is the 1st warning, as it would violate the midterm down slop in my chart and suggest the bull trend continuation
On higher time frames
ノート
the trend line is still holding, I wonder for how long tho :) 
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。