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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