I think the uptrend on WTI will go on shortly. As you can see from my chart the big uptrend is intact. Also the horizontal line is a major resistance. This is only the opinion if the writer and should not be seen as investment advice.
Note
Let's see if WTI comes back into the downtrend. Then it might get to the target where i'd place a buy order. If not, we'll see the ralley continues.
Note
WTI has gone on for the ralley... seutp not any longer valid...
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.