- Harmonic Pattern formed - Bullish Cypher pattern
- Potential Reversal Zone - $27.53.
- WTI oil has made a low of $29.38 and started to recover from that level. It is currently trading around $30.32.
- On the higher side minor resistance is around $30.45 (Tenken-Sen) and any break above $30.45 will take the commodity till $32.08/$32.70/$34.80 is possible.
- WTI crude oil is facing minor support around $29.30 and break below targets $29/$28.33.
- Overall bullish invalidation only below $27.50.
It is good to buy at dips around $30 with SL around $29 for the TP of $32/$34.80
