WTI CRUDE OIL: Sell Opportunity

The trading idea is based on a double bearish divergence, which gives a trend reversal signal. MACD confirms a possible downward movement. RSI is bearish as well.

Entry Price: below 60.95
Stop Level: above 62.45
Profit Levels: at 58.90 and 57.50

Risk per trade must be no more than 1% of your capital. If the price reaches 59.00 level, move stop orders into breakeven.

Comment:

Stop was reached, that's why we must use stop orders.
If we talk about further trading in this market, we have to search for new trade opportunities.