Here is our technical outlook for WTI Crude Oil.
Time Frame: Daily
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 73.8.
The above-mentioned technicals clearly indicate the dominance of sellers on the market.
I recommend shorting the instrument, aiming at 66.3 level.
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