Weekly WTI Technical Analysis and Forecast - Commodities - Forecast City

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Weekly forecast		West Texas Intermediate Oil technical chart
Symbol	WTI	Download MT4 template file Trading suggestion: Price is in the Trend Hunter Sell Zone (73.85 to 76.75). We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (73.85) Resistance on 07/03/2018 Support on 10/03/2018 Support on 10/04/2018 Support on 10/05/2018 Support on 10/08/2018 Support on 10/09/2018 Resistance on 06/23/2021 Resistance on 06/25/2021 Resistance on 06/28/2021 Resistance on 06/30/2021 Resistance on 07/07/2021 Ending of entry zone (76.75) Peak on 10/03/2018 Resistance on 10/03/2018
Date	July 10, 2021 - 15:49
Current	uptrend
Forecast	beginning of downtrend
Midterm forecast: 66.400 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 70.25 on 07/08/2021, so more gains maximum to Trend Hunter Sell Zone (73.85 to 76.75) 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. Take Profits: 66.40 Resistance on 05/26/2021 Resistance on 05/25/2021 Resistance on 05/18/2021 Resistance on 05/17/2021 Resistance on 05/12/2021 Resistance on 05/05/2021 Resistance on 03/15/2021 Peak on 03/15/2021 Resistance on 03/12/2021 Resistance on 03/11/2021 Resistance on 03/05/2021 Resistance on 04/25/2019 Resistance on 04/24/2019 Resistance on 04/23/2019 Resistance on 10/31/2018 Support on 10/29/2018 Support on 10/26/2018 Resistance on 08/21/2018 Resistance on 08/15/2018 Support on 08/13/2018 Support on 08/02/2018 Support on 07/19/2018 Support on 07/18/2018 Support on 07/17/2018 Resistance on 06/20/2018 Resistance on 06/12/2018 Resistance on 06/11/2018 Support on 05/31/2018 Support on 05/30/2018 Support on 05/28/2018 Support on 04/18/2018 Resistance on 03/27/2018 Resistance on 03/26/2018 Resistance on 01/29/2018 60.60 Support on 04/26/2021 Trough on 04/26/2021 Support on 04/22/2021 Resistance on 04/13/2021 Resistance on 04/12/2021 Resistance on 04/06/2021 Resistance on 03/31/2021 Support on 03/29/2021 Support on 03/22/2021 Support on 03/04/2021 Resistance on 03/02/2021 Support on 02/23/2021 Resistance on 02/15/2021 Support on 01/02/2020 Support on 12/31/2019 Resistance on 12/23/2019 Resistance on 12/17/2019 Resistance on 07/15/2019 Resistance on 07/12/2019 Resistance on 07/11/2019 Resistance on 07/10/2019 Support on 05/13/2019 Support on 05/07/2019 Support on 05/06/2019 Resistance on 03/29/2019 Support on 11/08/2018 Support on 03/14/2018 Support on 03/13/2018 Support on 03/12/2018 Support on 03/07/2018 Support on 03/02/2018 Support on 03/01/2018 Support on 02/22/2018 Resistance on 02/14/2018 Resistance on 02/12/2018 Resistance on 02/09/2018 Resistance on 01/02/2018 Resistance on 12/29/2017 57.20 Support on 03/25/2021 Support on 03/24/2021 Support on 03/23/2021 Trough on 03/23/2021 Support on 02/12/2021 Resistance on 02/05/2021 Support on 01/15/2020 Resistance on 11/20/2019 Resistance on 11/19/2019 Resistance on 11/12/2019 Resistance on 11/07/2019 Resistance on 11/04/2019 Support on 09/23/2019 Support on 09/18/2019 Resistance on 09/05/2019 Resistance on 08/21/2019 Resistance on 08/13/2019 Resistance on 07/29/2019 Resistance on 07/23/2019 Resistance on 07/22/2019 Resistance on 07/18/2019 Support on 07/16/2019 Support on 07/08/2019 Support on 06/25/2019 Resistance on 06/20/2019 Support on 05/29/2019 Support on 05/23/2019 Support on 03/13/2019 Resistance on 03/11/2019 Resistance on 03/07/2019 Resistance on 03/05/2019 Resistance on 03/04/2019 Resistance on 02/27/2019 Resistance on 02/22/2019 Resistance on 11/16/2018 Resistance on 11/15/2018 Resistance on 11/14/2018 Support on 12/19/2017 Support on 12/18/2017 Support on 12/12/2017 Support on 12/11/2017 Support on 12/05/2017 Support on 12/01/2017 Support on 11/30/2017 Support on 11/29/2017 Resistance on 11/21/2017 Resistance on 11/13/2017 Resistance on 11/10/2017 Resistance on 11/09/2017 Resistance on 11/08/2017 53.90 Resistance on 01/20/2021 Resistance on 01/15/2021 Resistance on 01/14/2021 Resistance on 01/13/2021 Resistance on 02/21/2020 Resistance on 02/20/2020 Resistance on 02/19/2020 Support on 01/24/2020 Support on 11/01/2019 Support on 10/31/2019 Support on 10/23/2019 Resistance on 10/21/2019 Resistance on 10/16/2019 Resistance on 10/15/2019 Resistance on 10/10/2019 Resistance on 10/07/2019 Resistance on 10/02/2019 Support on 09/30/2019 Support on 09/12/2019 Support on 08/15/2019 Support on 08/14/2019 Support on 08/13/2019 Resistance on 08/07/2019 Support on 08/01/2019 Resistance on 06/11/2019 Support on 02/14/2019 Resistance on 02/12/2019 Support on 02/06/2019 Support on 02/05/2019 Support on 02/04/2019 Support on 02/01/2019 Resistance on 01/29/2019 Resistance on 01/25/2019 Resistance on 12/07/2018 Resistance on 12/05/2018 Resistance on 12/04/2018 Resistance on 12/03/2018 Resistance on 11/23/2018 Support on 11/22/2018 Support on 11/01/2017 Support on 10/31/2017 Support on 10/30/2017 51.60 Support on 02/01/2021 Trough on 02/01/2021 Support on 01/27/2021 Support on 01/25/2021 Support on 01/22/2021 Support on 01/18/2021 Resistance on 02/25/2020 Support on 02/18/2020 Support on 02/14/2020 Resistance on 02/07/2020 Resistance on 02/06/2020 Resistance on 02/05/2020 Resistance on 02/04/2020 Resistance on 02/03/2020 Support on 01/30/2020 Support on 10/10/2019 Support on 10/08/2019 Support on 10/03/2019 Support on 08/07/2019 Support on 06/18/2019 Support on 06/06/2019 Support on 06/05/2019 Support on 02/11/2019 Support on 01/28/2019 Resistance on 12/17/2018 Support on 12/07/2018 Support on 12/06/2018 Resistance on 11/30/2018 Resistance on 11/29/2018 Support on 10/24/2017 Resistance on 10/11/2017 Support on 09/29/2017 Support on 09/28/2017 Resistance on 05/25/2017 Resistance on 05/24/2017 Resistance on 05/23/2017 Resistance on 04/05/2017 Resistance on 04/04/2017 Support on 02/08/2017 Support on 01/18/2017 Support on 12/16/2016 Support on 12/15/2016 Support on 12/14/2016 Resistance on 12/01/2016 Resistance on 10/14/2016 Resistance on 10/12/2016 Resistance on 10/11/2016 Resistance on 10/10/2016 Resistance on 07/20/2015 Support on 07/14/2015 Support on 07/13/2015 Support on 07/12/2015 Support on 07/09/2015 Support on 07/08/2015 Support on 07/07/2015 Support on 04/14/2015 Support on 04/13/2015 Support on 04/07/2015 Resistance on 03/26/2015 Resistance on 03/05/2015 Resistance on 03/04/2015 Support on 02/18/2015 Resistance on 02/12/2015 Resistance on 02/05/2015 Resistance on 02/04/2015 Resistance on 02/03/2015 48.75 Resistance on 01/04/2021 Resistance on 12/30/2020 Resistance on 12/28/2020 Resistance on 12/24/2020 Resistance on 12/17/2020 Resistance on 03/04/2020 Resistance on 03/03/2020 Resistance on 02/27/2020 Support on 01/08/2019 Resistance on 01/04/2019 Support on 09/13/2017 Resistance on 09/12/2017 Resistance on 09/11/2017 Support on 08/07/2017 Support on 08/04/2017 Support on 08/03/2017 Support on 08/02/2017 Support on 08/01/2017 Resistance on 07/26/2017 Resistance on 07/25/2017 Support on 05/26/2017 Support on 05/01/2017 Support on 04/27/2017 Resistance on 03/28/2017 Support on 03/20/2017 Support on 03/15/2017 Support on 03/14/2017 Support on 03/13/2017 Support on 03/10/2017 Resistance on 11/23/2016 Resistance on 11/22/2016 Resistance on 11/21/2016 Resistance on 10/31/2016 Support on 10/28/2016 Resistance on 09/30/2016 Resistance on 09/29/2016 Resistance on 08/26/2016 Resistance on 07/07/2016 Support on 06/22/2016 Support on 06/21/2016 Support on 06/20/2016 Support on 06/13/2016 Support on 06/03/2016 Support on 06/02/2016 Support on 06/01/2016 Support on 05/27/2016 Support on 05/25/2016 Resistance on 05/16/2016 Resistance on 11/04/2015 Resistance on 11/03/2015 Resistance on 10/13/2015 Resistance on 09/03/2015 Resistance on 09/01/2015 Resistance on 08/31/2015 Support on 04/02/2015 Support on 03/26/2015 Resistance on 03/12/2015 Support on 03/06/2015 Support on 03/02/2015 Support on 02/27/2015 Support on 02/26/2015 Support on 02/25/2015 Support on 02/24/2015 Support on 02/23/2015 Support on 02/12/2015 Support on 02/11/2015 Resistance on 01/22/2015 Resistance on 01/15/2015 Resistance on 01/14/2015 Resistance on 01/07/2015 46.30 Support on 12/23/2020 Support on 12/21/2020 Support on 12/14/2020 Support on 12/11/2020 Resistance on 12/09/2020 Resistance on 12/07/2020 Resistance on 12/04/2020 Resistance on 11/26/2020 Resistance on 11/25/2020 Resistance on 03/06/2020 Support on 03/03/2020 Support on 02/27/2020 Resistance on 12/31/2018 Resistance on 12/28/2018 Resistance on 12/24/2018 Resistance on 12/21/2018 Support on 12/19/2018 Support on 08/29/2017 Support on 08/28/2017 Support on 07/25/2017 Support on 07/19/2017 Resistance on 07/13/2017 Resistance on 07/12/2017 Support on 07/03/2017 Resistance on 06/14/2017 Support on 05/10/2017 Support on 05/09/2017 Support on 05/08/2017 Resistance on 11/17/2016 Resistance on 11/15/2016 Resistance on 11/10/2016 Resistance on 11/09/2016 Resistance on 11/03/2016 Support on 11/01/2016 Resistance on 09/26/2016 Resistance on 09/23/2016 Resistance on 09/22/2016 Support on 09/08/2016 Resistance on 09/05/2016 Resistance on 08/15/2016 Resistance on 07/21/2016 Support on 07/06/2016 Support on 06/27/2016 Support on 06/17/2016 Support on 06/16/2016 Resistance on 05/09/2016 Resistance on 05/05/2016 Resistance on 05/02/2016 Resistance on 04/28/2016 Support on 11/03/2015 Support on 10/19/2015 Support on 10/15/2015 Support on 10/14/2015 Support on 10/06/2015 Resistance on 10/01/2015 Resistance on 09/25/2015 Resistance on 09/11/2015 Resistance on 09/10/2015 Resistance on 09/09/2015 Resistance on 09/08/2015 Resistance on 09/07/2015 Resistance on 09/02/2015 Resistance on 08/28/2015 Support on 08/02/2015 Support on 01/22/2015 Support on 01/21/2015 Support on 01/20/2015 Support on 01/16/2015 Resistance on 01/13/2015 43.75 Resistance on 09/01/2020 Resistance on 08/31/2020 Resistance on 08/27/2020 Resistance on 08/26/2020 Peak on 08/26/2020 Resistance on 08/25/2020 Resistance on 08/05/2020 Support on 02/28/2020 Support on 07/10/2017 Support on 07/07/2017 Support on 06/28/2017 Resistance on 06/26/2017 Resistance on 06/21/2017 Support on 11/14/2016 Support on 11/11/2016 Support on 11/09/2016 Support on 09/19/2016 Support on 09/16/2016 Support on 09/15/2016 Support on 09/02/2016 Support on 09/01/2016 Resistance on 08/10/2016 Resistance on 08/09/2016 Resistance on 08/08/2016 Support on 07/22/2016 Support on 05/06/2016 Support on 05/04/2016 Support on 05/03/2016 Resistance on 11/26/2015 Resistance on 11/25/2015 Resistance on 11/24/2015 Support on 11/11/2015 Support on 10/26/2015 Support on 09/24/2015 Support on 09/10/2015 Support on 09/02/2015 40.00 Support on 11/10/2020 Resistance on 11/09/2020 Resistance on 10/27/2020 Support on 10/22/2020 Support on 10/15/2020 Support on 10/14/2020 Support on 10/08/2020 Resistance on 10/06/2020 Resistance on 10/05/2020 Resistance on 09/30/2020 Support on 09/28/2020 Resistance on 09/23/2020 Resistance on 09/22/2020 Support on 08/03/2020 Support on 07/31/2020 Support on 07/30/2020 Support on 07/20/2020 Support on 07/17/2020 Support on 07/07/2020 Support on 07/06/2020 Resistance on 07/01/2020 Resistance on 06/30/2020 Resistance on 06/29/2020 Resistance on 06/19/2020 Resistance on 06/10/2020 Resistance on 06/08/2020 Resistance on 06/05/2020 34.60 Support on 11/02/2020 Support on 06/15/2020 Support on 06/12/2020 Resistance on 05/27/2020 Resistance on 05/26/2020 Resistance on 05/21/2020 Resistance on 03/13/2020 Resistance on 03/09/2020 Support on 03/02/2016 Resistance on 02/26/2016 Resistance on 02/04/2016 Resistance on 02/01/2016 Resistance on 01/29/2016 Resistance on 01/28/2016 Support on 01/06/2016 Click on the level to view price action history.

Symbol	Released	Current	Forecast
West Texas Intermediate Oil (WTI)	Sun, 14 Apr 2024
West Texas Intermediate Oil (WTI)	Sat, 6 Apr 2024
West Texas Intermediate Oil (WTI)	Sat, 30 Mar 2024
West Texas Intermediate Oil (WTI)	Sat, 23 Mar 2024
West Texas Intermediate Oil (WTI)	Sat, 16 Mar 2024