WTI Crude Oil entered today the 6 month Resistance Zone of July 2024.
Even though the long term trend seems to have turned bullish by breaking critical levels, a short term pull back is possible on this Resistance.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 74.50 (the 0.382 Fibonacci level).
Tips:
1. The RSI (4h) is overbought, justifying a short term pull back.
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Even though the long term trend seems to have turned bullish by breaking critical levels, a short term pull back is possible on this Resistance.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 74.50 (the 0.382 Fibonacci level).
Tips:
1. The RSI (4h) is overbought, justifying a short term pull back.
Please like, follow and comment!!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.