WTI CRUDE OIL
Price is in upward trend, but in Daily chart divergence has been spotted which shows that the upward momentum is going to exhaust soon and there will be a shift to Bearish, in addition Head & Shoulder pattern confirming us to go short..
In addition, Market is now testing support at 63.78, which is also important Fibonacci level 23.6%. We are now waiting for a reversal signal to enter into short positions.
ENTRY = 63.78
TP 1 = 62.41
TP2 = 61.54
Price is in upward trend, but in Daily chart divergence has been spotted which shows that the upward momentum is going to exhaust soon and there will be a shift to Bearish, in addition Head & Shoulder pattern confirming us to go short..
In addition, Market is now testing support at 63.78, which is also important Fibonacci level 23.6%. We are now waiting for a reversal signal to enter into short positions.
ENTRY = 63.78
TP 1 = 62.41
TP2 = 61.54