WTI potential triple top

20 בינו׳ 2021

WTI looks like it is exhausting on the retest of the uptrend line. 4H chart shows a triple top with RSI divergence. Break of the neckline gives a target at the lower support level and 200SMA creeping up to it. While longer-term, oil is still looks bullish, it could be a good opportunity to make money on the pullback before buying again.

Good Luck and Stay Healthy!