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Weekly forecast West Texas Intermediate Oil technical chart
Symbol WTI

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMay 30, 2020 - 13:40
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 28.900 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A trough is formed in daily chart at 30.00 on 05/28/2020, so more gains to resistance(s) 35.40, 42.90, 50.70 and more heights 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 69.

Supports and Resistances:

  1. 63.10
  2. 54.75
  3. 50.70
  4. 42.90
  5. 35.40
  6. 28.90
  7. 24.45
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) new 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
West Texas Intermediate Oil (WTI) Sat, 17 Feb 2024