options4people

#WTI : to early to be shorted

NYMEX:CL1!   Light Crude Oil Futures
#WTI is now @ 102,36 and could reach 102 before the end of the session and the same scenario could happen tomorrow till he reaches 100 or something. But the indicators (RSI 4h is very weak) show us that he could probably come back to 102-103 next week an then come back to 107 or 100. So it's quite early to say that WTI is now starting a down trend due to fundamentals.

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