Unfortunately I don't have WTI offered with my broker, but lately I've been intrigued by the huge gold
moves of late that I checked out WTI, and what a great chart it is. There appears to be a clearly defined price pivot
zone of 104.00 which has flipped from previous support to now resistance. What's more, this level has been holding considerably lately and has now formed a triple top with descending divergence displayed on MACD
. It's a shame we didn't see any price action confirmation, but even entering at market level isn't a wrong decision, but for me that will come in time. From here on in, I see price making the 102.00 level, I look forward to keeping up to date with this one.