WTI Crude Oil reached the top of the December 2023 Channel Up as well as the dashed Channel Up that started after it crossed over the MA50 (1d). This is a double sell opportunity.
Trading Plan: 1. Sell on the current market price. 2. Sell again if the price closes a (1d) candle under the dashed Channel Up.
Targets: 1. 82.00 (bottom of dashed Channel Up). 2. 79.00 (bottom of long term Channel Up).
Tips: 1. The RSI (1d) crossed into the overbought zone (above 70.00). That is an additional reason for a technical correction.