Definitely a symmetrical developing for WTI. It is nicely noticeable using the 1 hour chart. Clearly the $63 area is support, and it is now a battle between the bulls who are trying to keep WTI above $63, while the bears seek to break it down below $63. The apex of this symmetrical triangle will be hit fairly soon. My guess is that within the next 2-4 hours, WTI will break out (which way it goes, I am not sure).
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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.