DislikedWTI oil continues correcting to the upside and accelerates its bullish momentum to come close to the 53.00 level which could act as resistance along with the 55 day EMA.Ignored
[53.20 ; 54.60] is a good area to fade the bounce for those who want to go short. Aggresive entry at 53.20 and proper entry on the rejection of the area.
Bulls need to break up 54.60 to reverse the downtrend and to come close to 60.
Their floor (45.70) looks weak to me so far but reversing up will make it very strong.
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