Current Thinking on WTI weekly
Down sloping PF off 2016 low and 2018 high (red)
- The median line provided some key areas of resistance/support from 2017 to present
- Support in 2020 low off lower parallel (good rejection)
- Test after price break late 2020
- Next target is upper parallel. An option is that price breaks above upper parallel then pulls back to test the break [A]
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