"Hello traders, focusing on WTI on high time frames, the price is approaching the $60.50 level, which holds significant importance. There is a high probability of price rejection at this level due to fundamental analysis.
When the price reaches the $60.50 zone, it is advisable to observe candle formations, momentum, and other indicators. This could present a favorable opportunity for a short position targeting the $53 level."
If you have any further questions or need additional assistance, feel free to let me know!
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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.