WTI - Short Idea.

WTI has enjoyed a strong rally after the nightmare situation just a couple weeks ago. This makes me nervous;)
I see price returning to previous gap/window, this whole area is used as a form of resistance to momentum.
RSI - Overbought
MACD - bearish Divergence
R3 - Pivot close by

Trade ist aktiv:

Ok, so we got the reaction expected and desired on OIL / WTI yesterday. I am short from that level yesterday. Let's see where this goes!? Now, we are heading into a weekend..holding a geo-politically sensitive commodity over a weekend is not always our best trading choice. But that is on you...