The WTI has formed a bullish POC. The first signal for a long was the green dot. A pullback towards POC might form a new wave of buyers.
The price is looking to bounce towards 59.11 and 59.35. The POC zone 56.40-70 is where buyers are and possibly new wave of buyers might join if the price retraces. However, for a continuation move up, the OIL needs to close above 59.11- Weekly H5 and 59.35- M H5 (monthly camarilla resistance). Only above we weill see a scope towards 59.82 and 62.30.
Many green pips,
Nenad Kerkez aka Tarantula FX