Oil, and especially WTI, is inscribed inside a downside trend early March.
On short term (30 minutes graph), we can notice that the bearish movement isn't interrupted as long as prices remain below 48.41$.
Currently, the WTI is testing its previous top at 48.25$. A few elements provide the opportunity to unter short at this price level :
- Probable back of the downside trend because of the presence of a resistance
- RSI bearish divergence under construction
- The 200 periods Moving Average remains bearish, which highlights the fact that oil prices are still declining.
In this configuration, here is the strategy you can put into action :
- Sell short at the current price level : 48.2$
- Stop @ 48.35$
- Target @ 47.90$
Reward/Risk ratio : 2
On short term (30 minutes graph), we can notice that the bearish movement isn't interrupted as long as prices remain below 48.41$.
Currently, the WTI is testing its previous top at 48.25$. A few elements provide the opportunity to unter short at this price level :
- Probable back of the downside trend because of the presence of a resistance
- RSI bearish divergence under construction
- The 200 periods Moving Average remains bearish, which highlights the fact that oil prices are still declining.
In this configuration, here is the strategy you can put into action :
- Sell short at the current price level : 48.2$
- Stop @ 48.35$
- Target @ 47.90$
Reward/Risk ratio : 2
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.