WTI - Short Idea.
Updated
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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