Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast West Texas Intermediate Oil technical chart
Symbol WTI

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (61.85 to 63.90). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (61.85)
    • Resistance on 05/05/2015
    • Resistance on 05/06/2015
    • Resistance on 05/07/2015
    • Resistance on 05/14/2015
    • Resistance on 05/18/2015
    • Resistance on 06/02/2015
    • Resistance on 06/10/2015
    • Resistance on 06/11/2015
    • Resistance on 06/17/2015
    • Resistance on 06/24/2015
    • Resistance on 01/03/2018
    • Resistance on 02/08/2018
    • Resistance on 02/16/2018
    • Resistance on 02/21/2018
    • Resistance on 03/13/2018
    • Support on 04/06/2018
    • Resistance on 11/08/2018
  • Ending of entry zone (63.90)
    • Support on 12/01/2014
    • Resistance on 01/11/2018
    • Resistance on 02/07/2018
    • Resistance on 03/20/2018
    • Support on 03/23/2018
    • Support on 03/28/2018
    • Resistance on 04/03/2018
    • Resistance on 04/05/2018
    • Resistance on 04/06/2018
    • Support on 06/18/2018
    • Support on 08/15/2018
    • Support on 08/16/2018

DateThu, 12/06/2018 - 09:18
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • While the RSI resistance #1 at 50 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 49.45 on 11/29/2018, so more gains to resistance(s) 52.20, 54.10, 56.00 and maximum to Trend Hunter Sell Zone (61.85 to 63.90) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 35.

Take Profits:

  1. 59.90
  2. 56.00
  3. 54.10
  4. 52.20
  5. 49.50
  6. 48.10
  7. 45.80
  8. 42.60
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) new Sat, 25 Jan 2020
West Texas Intermediate Oil (WTI) Sat, 18 Jan 2020
West Texas Intermediate Oil (WTI) Sat, 11 Jan 2020
West Texas Intermediate Oil (WTI) free Sat, 4 Jan 2020
West Texas Intermediate Oil (WTI) free Sat, 28 Dec 2019