WTI has enjoyed a strong rally after the nightmare situation just a couple weeks ago. This makes me nervous;)
I see price returning to previous gap/window, this whole area is used as a form of resistance to momentum.
RSI - Overbought
MACD - bearish Divergence
R3 - Pivot close by
I see price returning to previous gap/window, this whole area is used as a form of resistance to momentum.
RSI - Overbought
MACD - bearish Divergence
R3 - Pivot close by
Trade active
Ok, so we got the reaction expected and desired on OIL / WTI yesterday. I am short from that level yesterday. Let's see where this goes!? Now, we are heading into a weekend..holding a geo-politically sensitive commodity over a weekend is not always our best trading choice. But that is on you...
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
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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.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.
Related publications
Disclaimer
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.