WTI - Let's Short This!
Wow! That was an impressive rally in WTI last week. The oil price rose by almost 16 % due to geopolitical tensions in the Middle East and the start of hurricane season in the USA.
However, WTI has now reached an important resistance area and the RSI is also showing clear bearish divergences.
We are taking advantage of this to open a short position.
Our price target is conservative and lies above the 38.2% retracement of the most recent upward impulse.
However, WTI has now reached an important resistance area and the RSI is also showing clear bearish divergences.
We are taking advantage of this to open a short position.
Our price target is conservative and lies above the 38.2% retracement of the most recent upward impulse.
Trade fermée: cible de profit atteinte
That escalated quickly. TP hit :D
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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.