Current Thinking on WTI weekly

Down sloping PF off 2016 low and 2018 high (red)

• The median line provided some key areas of resistance/support from 2017 to present
  
• Support in 2020 low off lower parallel (good rejection)
  
• Test after price break late 2020
  
• Next target is upper parallel. An option is that price breaks above upper parallel then pulls back to test the break [A]