WTI: It all comes down to the green… 💵🌿

It all comes down to the green. This saying is especially true for WTI as it has yet to dive into the green zone between $70.12 and $35.77. To get this done, the course should push further off the upper side of the turquoise trend channel and drop below the support at $70.08. This should grant WTI direct access to the green zone, where it should finish wave 2 in green before heading northwards again. However, a 32% chance remains that WTI could turn upwards and climb above the resistance at $82.64, in which case the course would develop wave alt.(b) in blue above the upper resistance line at $93.74 first before resuming the descent.