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WTI CRUDE OIL Very strong sell signal on top of the Channel Down

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WTI Crude Oil has hit the top of the 11 month Channel Down.
Along with that, it reached the MA50 (1w) for the first time in also 11 months (since August 30th 2022).
This is the strongest sell signal the November 7th 2022 Lower High.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 66.80 (Support 1).

Tips:
1. The RSI (1d) is getting rejected on a Double Top formation near the overbought level. If it crosses under the MA trendline, it validates the sell signal.

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Notes:
Past trading plan:

WTI OIL Sell on the MA100 (1d).

Feragatname

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