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Bearish Engulfing appears for WTI after 2.24% move
WTI posted a 2.24% loss on Friday, August 21st, accompanied by 0.1× normal trading volume. Bearish Engulfing was spotted, which could indicate a shift in momentum. Key support levels exist at 3.83, 3.75 & 3.63, with resistance at 4.03, 4.15 & 4.23. Meanwhile, Slow Stochastic is showing overbought conditions.
Current SwingTradeBot Technical Rating of WTI: A
Today’s move could mean more—check all the signals for WTI on SwingTradeBot.
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