WTI Sell setup
Updated
WTI retests resistance second time.Go short whenever you have a valid confirmation,according to your own strategy
Note
WTI Crude Oil Prices Weekly Outlook December 12-16''Saturday’s meeting was another win for OPEC as the cartel struck a deal with non-OPEC oil producing countries to limit output. The current deal combined with the previous will limit output by a total of nearly 2% of the global oil supply. The agreement removes 558,000 barrels a day of crude oil in addition to the 1.2 million barrels agreed to in the OPEC meeting on November 30.
There is potential for a gap higher in the weekly open as a result of the developments of the meeting, and a break of 2016 resistance stands to trigger a strong technical bullish continuation signal for WTI crude oil prices.''economiccalendar.com
Note
So,gap happened,back to the drawing board...
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