Based on previous support and resistance levels, I am shorting WTI Crude Oil . Additionally considering that the fundamentals for this commodity have not changed significantly, and we still have over supply.
SL = 45.00
TP = 40.00
R/W Ratio = 7.47
Just sharing my view for the next few weeks...
Trade closed: stop reached
Opened a new trade on Crude Oil (WTI), still believe we are in a reversal zone and there is a good opportunity for a short.
Entry Point: 45.611