WTI is at the Crossroads

2 min read
tarantula fx

tarantula fx

Head of Trading

The WTI is in uptrend but we clearly see a retracement on the 4h timeframe. At this point it is important to see what the pair might do in terms of any rejection from the POC zone, considering that the pair is bullish.

The POC zone ( W L5, M H1, EMA89, ATR pivot, 38.2, order block) 54.50-55.10 could reject the price towards 56.14 all the way up to 59.10 on a renewed bullish momentum. It is important to watch all these camarilla levels and make profit stops if levels are reached. However a break of the ATR low/ M L1 -54.06 might spur a bearish breakout towards 52.80 and 51.94, previous order block.

WTI H4 chart


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