Crude Oil price reaches resistance, possibility of a fall
WTI has rallied strongly over the past few days. However, the rally seems to
have come to a halt near the resistance level.
Yesterday's doji candlestick in the daily chart indicates that buyers have run out of
steam for now.
So, the possibility of a deep pullback can not be ruled out. A sell entry between 65.80-66.50
with SL above 67.35 and TP at 61.40 is a possible sell signal.
have come to a halt near the resistance level.
Yesterday's doji candlestick in the daily chart indicates that buyers have run out of
steam for now.
So, the possibility of a deep pullback can not be ruled out. A sell entry between 65.80-66.50
with SL above 67.35 and TP at 61.40 is a possible sell signal.
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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.