WTI recently reversed up strongly from the powerful area lying between the pivotal support level 50.75 (which has been repeatedly reversing the price from June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous extended upward correction from December of 2018. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer Doji. WTI is likely rise further toward the next resistance level 54.00 (former support from August and September).
