WTI: bullish consolidation.
Updated
Price action is maintaining above the Kumo since December on the daily, and we just had a Tenkan-Kijun upward cross. However the Chikou Span is barely above historic candles and has to be monitored to confirm the bullish signal.
Of course a lot will depend on how well optimism about OPEC production cuts will continue to offset DOE increasing stockpiles reports.
Of course a lot will depend on how well optimism about OPEC production cuts will continue to offset DOE increasing stockpiles reports.
Comment
SIGNAL INVALIDATED! Chikou Span below prices could activate the slightly rising wedge.
Disclaimer
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.