WTI Crude: Bearish Divergence at $80 Resistance

WTIShortSwing2w ago205 views

Trade Setup

Entry Price

79.5000

Stop Loss

82.0000

Take Profit

72.0000

Risk : Reward

1 : 3.00

RiskReward

Oil has rallied into the $80 resistance zone but RSI is showing clear bearish divergence on the daily chart.

Analysis

- Price making higher highs while RSI makes lower highs
- $80 has been rejected 4 times this year
- OPEC+ compliance weakening, supply increasing
- China demand concerns still weighing

Trade Setup

Short on confirmation of reversal at $80 with tight stop above $82. Target the $72 support zone.

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