We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy?
Two scenarios:
1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice.
2. The 1D Channel Up pulls back and makes a Higher Low near the inner Higher Low Support (green line).