WTI potential double top
Looking at the oil chart, we see a nice double top with RSI divergence. Also, an uptrend line with 3 touches, can provide an early entry.
If the bear gap fully closes through 41, then we target more upside to 44, where previous lows are and 200SMA.
Overall, OPEC+ is doing everything to convince market that the oil price market is stable and there should be no sell offs like in March again.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
If the bear gap fully closes through 41, then we target more upside to 44, where previous lows are and 200SMA.
Overall, OPEC+ is doing everything to convince market that the oil price market is stable and there should be no sell offs like in March again.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
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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.
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.