WTI CRUDE OIL: Sell right at the top.

WTI Crude Oil has completed the short term bounce we warned you of last week and the technical outlook remains neutral on the 1D timeframe (RSI = 52.922, MACD = -38.990, ADX = 32.850). The 4H timeframe is close to a Death Cross, the first one since May 3rd and that can form the LH at the top of a Channel Down. Our target remains the 1W MA50-1D MA50-S1 level (TP = 78.50). We will not consider buying before a MACD Bullish Cross on the 1D timeframe.

Prior idea:


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