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
Trade Setup

#WTI
Total Profit: 15554 point
Closed trade(s): 3604 point Profit
Open trade(s): 11950 point Profit

Trade Setup:
We opened 15 SELL trade(s) @ 80.02 based on 'Peak' at 2021.11.10.

Closed Profit:
TP1 @ 78.29 touched at 2021.11.17 with 173 point Profit.
TP2 @ 75.11 touched at 2021.11.19 with 491 point Profit.
TP3 @ 72.81 touched at 2021.11.26 with 721 point Profit.
TP4 @ 70.14 touched at 2021.11.26 with 988 point Profit.
TP5 @ 67.71 touched at 2021.11.26 with 1231 point Profit.
173 + 491 + 721 + 988 + 1231 = 3604 point

Open Profit:
Profit for one trade is 80.02(open price) - 68.07(current price) = 1195 point
10 trade(s) still open, therefore total profit for open trade(s) is 1195 x 10 = 11950 point

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.
  • If the Midterm level 75.110 is broken, we will close open trades.
DateNovember 27, 2021 - 00:10
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 75.110 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 75.110 is broken.

Technical analysis:

  • The RSI support #1 at 47 is broken, so the probability of continuation of downtrend is increased.
  • A peak is formed in daily chart at 79.01 on 11/24/2021, so more losses to support(s) 67.71, 65.38, 61.98 and more depths 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 27.

Take Profits:

  1. 78.29
  2. 75.11
  3. 72.81
  4. 70.14
  5. 67.71
  6. 65.38
  7. 61.98
  8. 58.31
  9. 52.61
  10. 50.44
  11. 48.31
  12. 43.75
  13. 40.00
  14. 34.60
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
History
Daily-Trading-Opportunities on WTI.