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: 14454 pip
Closed trade(s): 3566 pip Profit
Open trade(s): 10888 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 39.758 (day close price) based on 'Peak' at 2020.09.21.

Closed Profit:
TP1 @ 38.850 touched at 2020.09.29 with 908 pip Profit.
TP2 @ 37.100 touched at 2020.10.02 with 2658 pip Profit.
908 + 2658 = 3566 pip

Open Profit:
Profit for one trade is 39.758(open price) - 37.036(current price) = 2722 pip
4 trade(s) still open, therefore total profit for open trade(s) is 2722 x 4 = 10888 pip

Trading suggestion:

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

DateOctober 3, 2020 - 13:07
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 43.750, beginning of downtrend is expected.
  • We make sure when the support at 36.300 breaks.
  • If the resistance at 43.750 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 41.70 on 09/18/2020, so more losses minimum to Major Support (36.30) 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 36.

Take Profits:

  1. 38.85
  2. 37.10
  3. 34.60
  4. 30.85
  5. 7.85
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