WTI OIL 15-19 MAY 2023 TA

From my point of view, WTI OIL is currently in a downtrend since the Death Cross occurred on September 8, 2022. The bearish movement may continue if the bulls do not respond. If you plan on buying, the 68.00 level would present an excellent opportunity, but it's advisable not to hold your position for too long. As long as there is no clear indication of an upcoming golden cross, the trend will remain the same, and a reversal may occur at the end of this month or the next. At present, it is recommended to trade based on the price action.