The potential trajectory of Crude Oil

If prices closes as a low test bar by the end of the trading day, the price of WTI could continue to rise over the near future. As a signal of bullish momentum, in addition to a possible low test close, price will have had to close above 47.00 after a retest of this level. Support is also seen to be occurring at the 20 and 50 ema where the 20 ema could cross over the 50 ema.