With all the news going around with exploration, politics with US & RUSSIA. i'm not fully convinced this will take off yet.
Reason why i'm short term bearish on WTI is all based on what the chart is showing me. Right now price is showing a bearish divergence across 4 hourly and the daily timeframe.
I'm taking this trade to the next support or trendline. If it breaks i'm heading for my last target which is the lower high of this wave.
Reason why i'm short term bearish on WTI is all based on what the chart is showing me. Right now price is showing a bearish divergence across 4 hourly and the daily timeframe.
I'm taking this trade to the next support or trendline. If it breaks i'm heading for my last target which is the lower high of this wave.
Comment:
If price breaks out of the diagonal resistance trendline. This trade will be invalid thus closed.
Trade closed: stop reached