The WTI has formed a bullish move just above Weekly L3 level. At this point we might see either a retest of POC zone or a continuation to the upside.
Successful retest of the POC 57.50-80 might show us a new wave of buyers and the price might bounce. The first target is 59.85 followed by 60.23. A close above 60.23 should be targeting W H4 camarilla resistance 61.45. Only if the WTI loses W L4 camarilla 56.57 – the price will go down retesting previous lows.
Many green pips,
Nenad Kerkez aka Tarantula FX