website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
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

Trade Setup
#WTI
Total Profit: 6952 point
Closed trade(s): 2696 point Profit
Open trade(s): 4256 point 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 point Profit.
TP2 @ 57.80 touched at 2019.11.06 with 559 point Profit.
TP3 @ 60.15 touched at 2019.12.13 with 794 point Profit.
TP4 @ 63.10 touched at 2020.01.03 with 1089 point Profit.
254 + 559 + 794 + 1089 = 2696 point

Open Profit:
Profit for one trade is 62.85(current price) - 52.21(open price) = 1064 point
4 trade(s) still open, therefore total profit for open trade(s) is 1064 x 4 = 4256 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.
  • If the Midterm level 60.150 is broken, we will close open trades.

DateJanuary 4, 2020 - 16:41
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 60.150, beginning of uptrend is expected.
  • We make sure when the resistance at 66.500 breaks.
  • If the support at 60.150 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 60.150 is broken.

Technical analysis:

  • A trough is formed in daily chart at 50.95 on 10/03/2019, so more gains to resistance(s) 63.10 and maximum to Major Resistance (66.50) 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 71.

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, 23 Mar 2024
West Texas Intermediate Oil (WTI) Sat, 16 Mar 2024
West Texas Intermediate Oil (WTI) Sat, 9 Mar 2024
West Texas Intermediate Oil (WTI) Sat, 2 Mar 2024
West Texas Intermediate Oil (WTI) Sat, 24 Feb 2024