The WTI has been in a steady uptrend that is followed by a bullish zigzag pattern. 69.35-95 is the POC zone and as long as the price is kept above 67.90, the WTI is bullish. Targets are 71.65 and 72.80. If the 4 hour candle closes above 72.80 we might see a push towards W H5 – 74.92.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
M H4 – Monthly Camarilla Pivot (Very Strong Monthly Resistance)
M L3 – Monthly Camarilla Pivot (Monthly Support)
M L4 – Monthly H4 Camarilla (Very Strong Monthly Support)
POC – Point Of Confluence (The zone where we expect price to react aka entry zone)
