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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: 7886 point
Closed trade(s): 3750 point Profit
Open trade(s): 4136 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) - 54.77(current price) = 1034 point
4 trade(s) still open, therefore total profit for open trade(s) is 1034 x 4 = 4136 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, 09/14/2019 - 18:04
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 60.95 on 07/11/2019, so more losses to support(s) 52.80 and minimum to Major Support (50.70) 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 46.

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) new Sat, 30 May 2020
West Texas Intermediate Oil (WTI) Sat, 23 May 2020
West Texas Intermediate Oil (WTI) Sat, 16 May 2020
West Texas Intermediate Oil (WTI) Sat, 9 May 2020
West Texas Intermediate Oil (WTI) Sat, 2 May 2020