WTI Crude: Bearish Divergence at $80 Resistance
WTIShortSwing2w ago203 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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