WTI CRUDE OIL Double rejection on the 1day MA200
WTI Crude Oil hit and is getting rejected on the 1day MA200 today. That is the 2nd time 4 days to do so.
That is a technicals Double Top rejection and if the 1day RSI crosses under its MA, it will confirm the bearish move.
The long term pattern is a Channel Down and as we described last time, this isn't just near its top but also near the 1week MA50.
Sell and target the 1week MA200 at 68.50.
Previous chart:
Follow us, like the idea and leave a comment below!!
That is a technicals Double Top rejection and if the 1day RSI crosses under its MA, it will confirm the bearish move.
The long term pattern is a Channel Down and as we described last time, this isn't just near its top but also near the 1week MA50.
Sell and target the 1week MA200 at 68.50.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.