WTI CRUDE OIL hit the 6 month Resistance Zone. Sell.WTI Crude Oil entered today the 6 month Resistance Zone of July 2024.
Even though the long term trend seems to have turned bullish by breaking critical levels, a short term pull back is possible on this Resistance.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 74.50 (the 0.382 Fibonacci level).
Tips:
1. The RSI (4h) is overbought, justifying a short term pull back.
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