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.