Steve O'Hare is looking at July WTI and going with the flow, as price action looks like it has support.    

Steve says "Price action failed to complete the bearish flag highlighted last week and buying pressure has remained constant since posting a swing low on May 1st. The shooting star from May 14th indicated a possible reversal but has failed to play out and has now been negated with a firmer tone returning. The hourly, daily & weekly Ichimoku cloud currently support price action, and the possibility of an AB=CD drive higher is now favoured. The target for this formation looks to be near 106.50."

Trade management and risk description

Once 1st target is reached, we will move stop to entry and look for 2nd target on balance of position.

Trade idea parameters

Entry: Buy July WTI at the current levels 102.25

Stop: A break below 100.50

Target: 105.00 & 106.50

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