Commodities
WTI Oil Setup Feels Like Either $100 or Collapse
The current technical setup of Light Crude WTI oil has some analysts excited about potential price movements. According to an analysis, the setup 'feels like either $100 or it pukes,' suggesting a strong bullish trend is developing.
However, for conviction to develop, new highs or lows are needed. This lack of clear direction may cause uncertainty in the market.
The analyst also mentions the importance of joining a community that provides sell signals and technical roadmaps, which could aid in making informed investment decisions.