WTI testing support at $60 in the near-term consolidation zone

Intermediate trend is up and trading above the 50-day and 200-day moving averages. The bias is still to the upside.

Chart for WTI showing the intermediate uptrend.

Reference my post from December 28, 2018 as WTI tested major support.

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Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.

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