pomoziadam

WTI short possibility from the top of the descending channel

Short
FX:USOIL   CFDs on Crude Oil (WTI)
WTI short possibility from the top of the descending price channel. RSI shows divergence of this long momentum with descending volume as well. Although possible production cuts and geopolitical issues are supporting the longs, the global economic slowdown and recession + trade-war fears could affect more powerful on the price action.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.