WTI Crude Oil possible short position
Hi traders
Based on technical analysis, WTI Crude oil has been overbought and bearish divergence is occurring. Lets wait for the price to close below 72.65, If it close below that price level I'm expecting price to hit 70.75.
We can place a short position at around 72.60, take profit at 70.75 and stop loss at 73.30.
Thanks
Happy trading
Based on technical analysis, WTI Crude oil has been overbought and bearish divergence is occurring. Lets wait for the price to close below 72.65, If it close below that price level I'm expecting price to hit 70.75.
We can place a short position at around 72.60, take profit at 70.75 and stop loss at 73.30.
Thanks
Happy trading
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.