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WTI OIL Hit the MA50 (1d). Selling action plan.

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
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TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators wticrudeoil Oil Crude Oil WTI Energy Commodities Commodities oiltrading commoditiestrading
27
25
trendanalysis chartpattern indicator wticrudeoil oil crudeoil wti energy commodities oiltrading commoditiestrading
WTI Crude Oil hit the MA50 (1d) today after 3 weeks.
Inside this multi month Channel Down, the strongest Resistance-Sell entry level has been the MA100 (1d).
Max level it reached before getting rejected as the MA200 (1d) on April 12th.

Trading Plan:
1. Sell on the MA100 (1d) at 75.80.
2. Sell on the MA200 (1d) at 79.00.

Targets:
1. and 2. 70.00 (over Support 1).

Tips:
1. The RSI (1d) is showing a price action on a slow rise over its MA, similar to December 15th and January 11th. This is an additional indicator showing that the top is near.

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Notes:
Past trading plan:

WTI OIL: Trend changing to bullish.
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