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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: 560 point
Closed trade(s): 0 point Profit
Open trade(s): 560 point Profit

Trade Setup:
We opened 8 BUY trade(s) @ 52.21 (day close price) based on 'Hammer' at 2019.10.03.

Open Profit:
Profit for one trade is 52.91(current price) - 52.21(open price) = 70 point
8 trade(s) still open, therefore total profit for open trade(s) is 70 x 8 = 560 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 10/05/2019 - 21:15
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 42.60, beginning of uptrend is expected.
  • We make sure when the resistance at 63.10 breaks.
  • If the support at 42.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 60.95 on 07/11/2019, so more losses to support(s) 52.80, 50.50, 49.50 and minimum to Major Support (42.60) 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 39.

Take Profits:

  1. 54.75
  2. 57.80
  3. 60.15
  4. 63.10
  5. 66.50
  6. 72.55
  7. 76.75
Click on the level to view price action history.

Symbol Released Current Forecast
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
West Texas Intermediate Oil (WTI) Sun, 22 Dec 2019
West Texas Intermediate Oil (WTI) Sat, 14 Dec 2019