WTI Daily Bullish SetupWest Texas OilOANDA:WTICOUSDSRA_TradesWTI looks set to complete an ABC correction after a potential Wave 1. If price closes above Wave B (black line), the ABC correction should be complete. From there, we could see an impulsive move toward a new high. TP1: 104 TP2: 122 SL: 74 Geopolitical risk around the Strait of Hormuz could further amplify volatility and momentum if this technical breakout confirms. The tension in the Strait of Hormuz has increased and this adds another layer of support to this technical setup.