WTI continues to move in the bullish trend channel. After 8 days of rising bars, today WTI is down %0.51 while the spearman correlation indicator is giving a sell signal. The last two signals that are given by this indicator when the price is near the upper line of the channel, like now, caused a short-term fall for WTI. If this scenario repeats itself, the price may fall to last top, 53.95 while the channel’s lower line is fast approaching to this level. But as long as the price stays within the trend, WTI’s surge may continue.
