Weekly close above descending slope line?

8 Kas 2019

As of now Oil is deciding if it is closing the week above the descending line, this means oil has to close up for the week.
Inflation has been rising lately, oil likes this very much, so my bias has shifted bullish recently for oil and other commodities.

1-Hourly Chart
Multiple rejections from the weekly open. Could be a nice entry point long.

8 Kas 2019

İşlem aktif

Looks like we have a winner.

8 Kas 2019

Not

11 Kas 2019

Not

Still consolidating, could be another lower high.
If descending pitchfork breaks, i will enter long positions.

12 Kas 2019

Not

WTI has to make a move soon.