WTICOUSD Unless China, India, and that other country named after a thanksgiving bird comply with new Russian sanctions, this little bump up is short-lived. China to Trump: ooooo, we're scared.
WTICOUSD The Hourly is in Bullish (directional) Market Bias. A Popgun pattern formed in the last hour, which means complex consolidation that creates 3 major swings, moving like a See-Saw.
Here's the sequence of movements: Up-Down-Up.
The up swing is finishing up. After an upper wick fill of this tall candle, you'll see the 2nd swing to the downside. After that bear run is over, it will pivot back to the upside for the 3rd and final swing.
WTI crude oil is forming a bullish symmetrical triangle, supported by rising EMAs and higher lows. A breakout above \$69 could target \$77–\$80, while support lies at \$65.50–\$66. A breakdown below \$65 would invalidate the bullish outlook.