WTI Bearish Divergence

The market looks interesting for selling. The price bounces from 66.00 resistance level. RSI confirms price reversal. Bearish divergence gives a good trend reversal signal. MACD is going to support the downward movement. If the price breaks the uptrend line, it will be a signal confirming the market falling. Pending orders for sell can be placed at 64.50 level with stop orders at 67.00 level. Profit targets should be SMA50 and SMA 100.
CommoditiesTechnical IndicatorsOilSupport and ResistanceTrend AnalysisWTI

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