WTI CRUDE OIL: Sell signal as it approaches the 3 month Resistan

WTI Crude Oil hit all upside targets, even broke over the 1D MA100 that has been untouched since January 27th and as it approaches R1, sell signals start flashing. The 1D technicals (RSI = 60.222, MACD = 0.430, ADX = 18.663), especially the RSI is on its highest level in 4 months. This is already good enough for our strategy to start building up sell positions.

For short term traders P1 and the 1D MA50 are always the best target zone. For us it is the previous low above S1 that we will target (TP = 74.00).



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