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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.

DateJune 13, 2020 - 17:00
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 40.50 on 06/08/2020, so more losses to support(s) 35.40 and minimum to Major Support (30.85) 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 60.

Supports and Resistances:

  1. 63.10
  2. 54.75
  3. 50.70
  4. 42.90
  5. 35.40
  6. 30.85
  7. 24.45
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