DLavrov

WTI Great Sell Opportunity

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FX:USOIL   CFDs em Petróleo Bruto (WTI)
About 1 years ago the price diverged with RSI and it gave us a trend reversal signal. The bullish divergence was a good reason for opening buy trades in long run. After breaking the downtrend line, we got a good uptrend with many buy opportunities. If you followed the signals from Ichimoku indicator, you could make a lot of money.

This time we have the same structure where a bearish divergence gives us a trend reversal signal. The price dropped to the support zone formed by the uptrend line, 66.70 support level and the cloud. If the price can break this zone, we'll get a new sell opportunity. Pending orders should be placed below 66.00 level with stop orders above 75.70 level. Profit targets will be the support levels.

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