WTI Crude Oil crossed over the MA100 (1d) and is headed for the MA200 (1d) where 3 months ago (April 12th) had the strongest rejection possible.
This is a strong technical sell opportunity, with the price also being near the top of the 1 year Channel Down.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 66.80 (Support 1) and if a (1d) candle closes below, extend selling to 63.65 (Support 2).
Tips:
1. The RSI (1d) is headed for the 70.00 overbought level. Last time that high it was on the April 12th High rejection.
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Notes:
Past trading plan:
This is a strong technical sell opportunity, with the price also being near the top of the 1 year Channel Down.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 66.80 (Support 1) and if a (1d) candle closes below, extend selling to 63.65 (Support 2).
Tips:
1. The RSI (1d) is headed for the 70.00 overbought level. Last time that high it was on the April 12th High rejection.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.