• WTI Oil is in a short-term uptrend within a rising price channel. 
• The commodity has pulled back and is consolidating – its next move could be critical. 
• A move below the range lows could flip the trend bearish; a rise above the March high bullish.  

WTI Oil price (OIL) is trading within an ascending channel whose rising peaks and troughs indicate the commodity is in a short-term uptrend. 

Given the old adage that “the trend is your friend till the bend at the end,” the price is favored to continue rising in the short-term until the weight of evidence suggests it has reversed