The WTI is in a strong uptrend. The price is getting positive momentum and at this point a retracement towards the POC could possibly be used for another leg to the upside. Near term historical buyers are aligned with the POC 55.00-55.20 (Order block, 61.8, D L3, trend line, ATR projection low).A retracement to 61.8 is in a strong confluence with the order block and near term buyers. However 1h momentum or 4h close above W H3 56.12 should make a continuation move towards 56.67, 56.93 and 57.65 and the ascending scallop will be completed.
