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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 20, 2021 - 14:09
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • 66.40 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 72.75 on 06/16/2021, so more losses to support(s) 67.85 and minimum to Major Support (66.40) 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 65.

Supports and Resistances:

  1. 60.60
  2. 57.20
  3. 53.90
  4. 51.60
  5. 48.75
  6. 46.30
  7. 43.75
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) Sat, 31 Jul 2021
West Texas Intermediate Oil (WTI) Thu, 29 Jul 2021
West Texas Intermediate Oil (WTI) Sat, 24 Jul 2021
West Texas Intermediate Oil (WTI) free Sun, 18 Jul 2021
West Texas Intermediate Oil (WTI) Sat, 10 Jul 2021