WTI Crude Oil is trading inside a 7 month Channel Down. The current rise is targeting the 1day MA50 - MA100 Resistance Zone.
When the 1day RSI hits its Resistance Zone, it is a signal to Sell. That has generated 4 solid sell sequences.
The target on those sequences has initially been the Rising Support from the Channel's previous Low.
Target 68.50.
Previous chart:
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When the 1day RSI hits its Resistance Zone, it is a signal to Sell. That has generated 4 solid sell sequences.
The target on those sequences has initially been the Rising Support from the Channel's previous Low.
Target 68.50.
Previous chart:
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.