CFDs on Crude Oil (WTI)

Short

WTI approaching a significant resistance level

By VasilyTrader

Updated

snapshot

hey traders,

wti is testing a significant level of resistance,
on 4H chart we see a clear rejection of this level and formation of a double top pattern.

market is now breaking a local support level.
I will be waiting for a candle close below this support to open short.

targets will be based on structure.

good luck!

Note

Market closed below 64.0 support

Note

one more retest of the high and again bearish rejection

Note

the market is going down

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