WTI OIL on its first 1D Death Cross since Sep 2024!

WTI Oil (USOIL) is on the decline and is about to form a 1D Death Cross for the first time since September 06 2024! That is technically a bearish signal but last time once completed, the market formed a bottom 2 days later.

As a result, we expect a max drop to Support 1 ($60.05) but then more likely a rebound back to the Resistance ($71.40), especially given the fact that the 1D RSI will almost get oversold (>30.00).

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