WTI is being trapped since last year into a wedge area that oscilated up and down forever, Now oil is closing to the end of this big wedge but im expecting a bearish movement by the end of this year. Stochastic RSI is overbought also and the price is about to hit the trendline. I'm going SHORT on WTI after daily candle closes
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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.