The WTI Crude Oil is being rejected today on the 1day MA200, the longest Resistance MA technically.
This rejection is also taking place on Resistance A (83.40), the December 1st top.
The structural top inside the Channel Down has been the same on every occassion.
When the now overbought 1day RSI crosses under the MA trendline, the sell will be confirmed.
Target 70.00 (Rising Support).
Previous chart:
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This rejection is also taking place on Resistance A (83.40), the December 1st top.
The structural top inside the Channel Down has been the same on every occassion.
When the now overbought 1day RSI crosses under the MA trendline, the sell will be confirmed.
Target 70.00 (Rising Support).
Previous chart:
Follow us, like the idea and leave a comment below!!
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