WTI CRUDE OIL: Channel Down emerging.

WTI Crude Oil got rejected on Friday on the former HL trendline which should now be considered a Resistance, rejecting the attempt to resume the uptrend. This turned the 1D timeframe technically bearish (RSI = 41.271, MACD = 0.120, ADX = 25.766) and the 1D MACD Bearish Cross (straight after a Bullish Cross) allows us to attempt a short entry, targeting the 1D MA200 (TP = 78.50).

See how well our prior idea has worked:

WTI CRUDE OIL: Short term sell signal unless this Fib breaks.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##
Chart PatternsCrude Oil Futures WTI (CL1!)CommoditiescommoditiestradingCrude OilEnergy CommoditiesTechnical IndicatorsOiloiltradingtradingTrend Analysiswtioil

Telegram: t.me/investingscope
investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Also on:

Disclaimer