WTI: bullish consolidation.
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.
Chikou Span below prices could activate the slightly rising wedge.