WTI Crude Oil got rejected a little after crossing over Resistance (1) that was the double top of Nov 7th and Oct 10th 2022.
The trend remains bullish but that calls for a standard correction to the Rising Support and the MA50 (1d).
Trading Plan:
1. Sell on the current market price.
Targets:
1. 86.00 (MA50 (1d) and Rising Support).
Tips:
1. The RSI (1d) is on a Falling Resistance while the price trading under a Rising Resistance, flashing a big bearish divergence. This can be the signal that breaks the Falling Support to the downside.
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