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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: 2589 pip
Closed trade(s): 813 pip Profit
Open trade(s): 1776 pip Profit

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

Closed Profit:
TP1 @ 54.75 touched at 2019.10.11 with 254 pip Profit.
TP2 @ 57.80 touched at 2019.11.06 with 559 pip Profit.
254 + 559 = 813 pip

Open Profit:
Profit for one trade is 55.17(current price) - 52.21(open price) = 296 pip
6 trade(s) still open, therefore total profit for open trade(s) is 296 x 6 = 1776 pip

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, 11/30/2019 - 16:56
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 58.60 on 11/27/2019, so more losses to support(s) 54.75, 52.80, 50.50 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 43.

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) 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