WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd.
This is after the formation of a new Higher High on the three month Channel Up pattern.
In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022.
With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that.
Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50).
Follow us, like the idea and leave a comment below!!
This is after the formation of a new Higher High on the three month Channel Up pattern.
In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022.
With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that.
Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50).
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.