USDWTI SHORT

Expecting some profit taking from the USDWTI longs in the coming days, who entered in the support zone near the double top (RED LINE). Looking for sellers to come in at the 78.6% Fibonacci level which is also being met by the WEEKLY 50 MA and both are within a DAILY resistance area. Price is currently trying to break and close above the DAILY 200 MA (GREEN LINE), it could also be worth noting that there is potential for divergence with the MACD and perhaps more importantly the RSI is nearing overbought levels for the first time in over 5 years on the WEEKLY timeframe.