WTI CRUDE OIL: Massive 4H MA50 bearish breakout.

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WTI Crude Oil has turned neutral again on its 1D technical outlook (RSI = 48.933, MACD = 2.900, ADX = 47.682) as it just broke with force under the 4H MA50. Every time this has taken place in the recent past, a strong downtrend followed. The last such selling sequence dropped by -23.71%. The 4H RSI is on the exact same spot as then. We are bearish, TP = 59.00.

See how our prior idea has worked out:

WTI CRUDE OIL: There is no better time to sell that this.


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