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CFDs on Crude Oil (WTI)
Short

WTI approaching a significant resistance level

By VasilyTrader
Updated
snapshot

hey traders,

wti is testing a significant level of resistance,
on 4H chart we see a clear rejection of this level and formation of a double top pattern.

market is now breaking a local support level.
I will be waiting for a candle close below this support to open short.

targets will be based on structure.

good luck!
Comment
Market closed below 64.0 support
Comment
one more retest of the high and again bearish rejection
Comment
the market is going down
brentChart PatternsCommoditiescrudeTechnical IndicatorsOilRelative Strength Index (RSI)signalTrend AnalysisWTI
VasilyTrader
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