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ForecastCity_World
Feb 17, 2022 2:16 PM

💡Don't miss the great sell opportunity in WTI Short

WTI Light Crude OilBlackBull Markets

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (91.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. WTI is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 46.

Take Profits:
TP1= @ 88.03
TP2= @ 85.92
TP3= @ 82.64
TP4= @ 80.02
TP5= @ 77.42

SL: Break Above R2

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Comments
Megan_forex
Nice and clean chart. 👍
ForecastCity_World
@Megan_forex, Thank you
sofi_Morphy
Good job
ForecastCity_World
@sofi_Morphy, Thank you
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