Time for WTI to take a break!
WTI has been reached new 3-year high for three consecutive weeks. It's time for investors to take profit.. before hitting new high because of three key reasons:
i) Last week, WTI has reached the upper boundary of long-term uptrend. Everytime touched the upper boundary, WTI will retreat.
ii) WTI RSI is falling and will likely fall below near-term uptrend line.
iii) WTI MACD line is crossing signal line.
i) Last week, WTI has reached the upper boundary of long-term uptrend. Everytime touched the upper boundary, WTI will retreat.
ii) WTI RSI is falling and will likely fall below near-term uptrend line.
iii) WTI MACD line is crossing signal line.