DLavrov

WTI Bearish Divergence

Short
FX:USOIL   CFDs on Crude Oil (WTI)
The market looks interesting for selling. The price bounces from 66.00 resistance level. RSI confirms price reversal. Bearish divergence gives a good trend reversal signal. MACD is going to support the downward movement. If the price breaks the uptrend line, it will be a signal confirming the market falling. Pending orders for sell can be placed at 64.50 level with stop orders at 67.00 level. Profit targets should be SMA50 and SMA 100.

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