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Trend Hunter performance since 2015 for this symbol

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Weekly forecast West Texas Intermediate Oil technical chart
Symbol WTI

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Trade Setup
#WTI
Total Profit: 7170 point
Closed trade(s): 3750 point Profit
Open trade(s): 3420 point Profit

Trade Setup:
We opened 9 SELL trade(s) @ 65.11 (day close price) based on 'Peak' at 2019.04.25.

Closed Profit:
TP1 @ 61.85 touched at 2019.05.02 with 326 point Profit.
TP2 @ 60.15 touched at 2019.05.06 with 496 point Profit.
TP3 @ 58.05 touched at 2019.05.23 with 706 point Profit.
TP4 @ 55.20 touched at 2019.05.31 with 991 point Profit.
TP5 @ 52.80 touched at 2019.06.03 with 1231 point Profit.
326 + 496 + 706 + 991 + 1231 = 3750 point

Open Profit:
Profit for one trade is 65.11(open price) - 56.56(current price) = 855 point
4 trade(s) still open, therefore total profit for open trade(s) is 855 x 4 = 3420 point

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 58.75 is broken, we will close open trades.

DateSat, 09/07/2019 - 19:29
Currentrange bound
Forecastresumption of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 58.75, resumption of downtrend is expected.
  • We make sure when the support at 50.70 breaks.
  • If the resistance at 58.75 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 58.75 is broken.

Technical analysis:

  • A trough is formed in daily chart at 52.80 on 09/03/2019, so more gains to resistance(s) 58.05 and maximum to Major Resistance (58.75) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 61.85
  2. 60.15
  3. 58.05
  4. 55.20
  5. 52.80
  6. 49.50
  7. 45.80
  8. 42.60
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) Sat, 22 Feb 2020
West Texas Intermediate Oil (WTI) Sat, 15 Feb 2020
West Texas Intermediate Oil (WTI) Sat, 8 Feb 2020
West Texas Intermediate Oil (WTI) Sat, 1 Feb 2020
West Texas Intermediate Oil (WTI) Sat, 25 Jan 2020