This 1-hour chart for WTI Crude Oil (USOUSD) illustrates a bearish trading setup following a strong vertical rally. After surging from the $82.00 level to a peak near $96.00, the price action shows signs of exhaustion and a potential trend reversal.
Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.