WTI On the Hourly, the bulls may be headed for the Swing High of 70.305. If they do a candle close on that price to rise higher, there's another Swing High at 70.639 within the S&R Zone. But if not, back down it goes for a reversal to the Swing Low of 69.345.
WTI We have an interesting scenario. After the Outside Day produced two candles going in different directions with a Hammer and a Shooting Star, a new S&R Zone formed from the consolidation. This new Zone is flanked by one above it and another below.
A BIG breakout needs to happen for price action to either drop below the S&R Zone it's on and keep going to the downside to head for the Swing Lows of 68.795 and 68.633 OR rise above it for a rally to the upside towards the Swing High of 70.639.
*Reminder: The Hourly is still in Bullish Market Bias.