Hello Naked Traders!
The WTI has moved strongly upward yesterday and today went to test $ 93.50 area but going to close below $ 91.50 and formed a clear and obvious price action short signal. A few days ago I watched the oil just waiting to see what could happen on the key level tested today.
As you can see from the daily chart above i’m selling this market beacuse the 4h time frame candle showed a strong bearish price action signal few hours ago. A nice rejection candleright on the daily key resistance zone. Confirmation from the daily chart makes me stay in the market with more confidence. Below you see the 4h time frame chart.
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