WTI rattles late bears

WTI seemed to collapse. Many traders (me too) waited for the 65 USD, but the market reversed. The upward trend accelerated recently. A look at the retail trader sentiment shows that many private traders have opened short positions in the last few days. It is clear that the Big Boys need to shake this out before the overriding trend can continue.
This idea includes both a long and a short setup.
We take the long trend, which will be as painful as possible for any late bears - this is the way the market has always worked and will always work.
Once the late bears are out of the market, we have a chance that the overriding downtrend will continue and head for the June 2023 lows.
Trend Analysis

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