WTI bulls lining up

The black gold has been recovering slowly but steadily. After breaking the strong psychical level at the 64 handle, it recorded a fresh higher high at 65.44.

Price action has recently retested the broken level, in confluence with Fib golden level 618. It might signal an uptrend continuation. Fundamentally speaking, the bulls dove in after reports of gasoline demand hitting pre-pandemic levels, signaling strength and revitalization from global consumption.

Confluence signals:

• Breakout of resistance level
  Retest of broken level
  End of correction at Fib golden level
  MACD turning up, potential cross
  RSI at no men land
  

Please keep in mind that nobody can predict the future, but odds play clearly on the bulls' field.
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