Here is a 60min bump and run in the lead-in phase. Price prints at a discount verse the 200sma with the attempt at premium was shut down on Monday. Overhead supply is concerning from the 46.70-48.30 level that may unlock if the auction is not properly advertised.
WTI’s lack of response to Forex flows is concerning for WTI bulls.
Most important line in the sand for WTI 44.77 monthly Fib-Pivot.