WTI Light Crude OilShort
Fade the news driven rallye
Owing to the prevailing geopolitical circumstances, the WTI crude oil price has witnessed a notable upsurge in recent times. Nonetheless, it fell short of attaining fresh record highs.
On the past Friday, there was a retracement in the price, accompanied by the emergence of conspicuous hidden bearish divergences in the cumulative delta.
This presents us with a viable opportunity to initiate a short trading position, offering a risk-reward ratio (RRR) of 3.1:1, with the initiation of the recent news-driven price movement serving as the targeted price point.
On the past Friday, there was a retracement in the price, accompanied by the emergence of conspicuous hidden bearish divergences in the cumulative delta.
This presents us with a viable opportunity to initiate a short trading position, offering a risk-reward ratio (RRR) of 3.1:1, with the initiation of the recent news-driven price movement serving as the targeted price point.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.