WTI's Downward Drift – Time for a Short?
WTIShortIntraday3h ago2 views
Trade Setup
Entry Price
72.2700
Stop Loss
73.3400
Take Profit
70.1300
Risk : Reward
1 : 2.00
RiskReward
Current Market Vibe
Alright team, let's have a gander at Crude Oil (WTI) today. It's been a bit of a tricky one, with the market showing a clear bearish trend, and we're currently sat around 72.0532. We've seen a dip of about 0.62% today, or -0.4468, which tells you the momentum is definitely to the downside. The day range has been pretty tight, between 71.3829 and 72.7234, indicating some consolidation but with sellers in charge. For me, the charts don't lie – this one's looking a bit weak.
The Technical Setup
My eye is on an intraday short here. Price has been struggling to hold above those resistance levels, particularly 72.5 and definitely not sniffing 73. Even the day's high at 72.7234 suggests a cap. I'm looking for an entry around
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