WTI Pullback Prep: Shorting the Top, Ready for a Dip!

Hey folks! Anika here, fresh off my coffee and looking at some charts. WTI has been having a decent run, currently sitting around 73.2073 with a nice 0.98% gain in the last 24 hours. The overall trend is definitely bullish, no denying that. But you know me, I trade what the chart shows, not just the momentum. This looks juicy for a short-term pullback.

Intraday Short Opportunity

While WTI has been pushing higher, it's now testing some key resistance levels. We’ve seen the day range go up to 74.2682, but it's been struggling to hold above 73.5 and especially 74. My technical analysis suggests we might be due for a quick intraday reversal or some profit-taking after this recent push. I'm looking for a retest of that 73.5 area before a potential drop. We're also seeing some exhaustion on the shorter timeframes.

Risk Management & The Setup

My game plan for this intraday trade is to go short