SELL XTIUSD – 62.8

The trade targets a short entry at 62.8 with a stop at 63.8 and three profit targets (62, 61.3, 60.3). Technically, the market formed an equal high‑low sweep indicating a potential reversal, while higher‑timeframe charts (MTF) show a clear bearish bias and the H4 timeframe exhibits a 17 % momentum shift to the downside. OBV is diverging, suggesting weakening volume behind recent rallies, and the entry level aligns with a strong structural resistance. Fundamentally, the latest WTI weekly forecast highlighted a shift from higher terrain to selling pressure, compounded by a stronger US dollar and lack of supply‑side catalysts, reinforcing a bearish outlook for crude. The confluence of these technical signals with the negative fundamental backdrop justifies a high‑confidence short position, with the stop placed at the next structural high to protect against a false breakout.