US Crude Oil SPOT
Short

WTI with bearish momentum dominating

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Due to a larger-than-expected increase in crude oil inventories, WTI prices fell. From the daily chart perspective, oil prices have broken below the lower edge of the trading range, and the medium-term objective trend is downward. Currently, oil prices are fluctuating near the lower edge of this range. The fast and slow lines of the MACD indicator are below the zero line, with bearish momentum dominating. It is expected that the probability of oil prices moving in an oscillating downward pattern in the medium term is relatively high.

Sell 60 - 60.2 TP 59 - 59.5 SL 60.5

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