WTI CRUDE OIL Channel Up top and 11month Resistance rejection.
WTI Crude Oil / USOIL has completed 2 red 1day candles for the first time since August 23rd.
This is after the formation of a new Higher High on the three month Channel Up pattern.
In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022.
With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that.
Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50).
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This is after the formation of a new Higher High on the three month Channel Up pattern.
In the meantime that High was very close to the 93.80 Resistance A level, which was a Double Top on November 7th 2022.
With the 1day MACD about to close a Sell Cross, we couldn't have a steadier sell combination than that.
Sell and target 85.00 (bottom of Channel Up and expected contact with the 1day MA50).
Follow us, like the idea and leave a comment below!!
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