hey friends, I think WTI is inside a Triangle and after breaking Resistance zone it has consolidated over it. Although the price is inside a channel, we need to wait and see what side wins and then we can enter. If it breaks up I guess 62.25 will be our Long term TP and in short position 57.87 would be a good TP. besides price has tested 0.382 Fibonacci level and now is on 0.23 Fibo.
what do you think? leave a comment please