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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (45.80 to 42.60). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (45.80)
    • Support on 01/14/2015
    • Support on 01/15/2015
    • Support on 01/22/2015
    • Resistance on 01/27/2015
    • Resistance on 01/28/2015
    • Support on 03/16/2015
    • Support on 03/20/2015
    • Support on 03/23/2015
    • Resistance on 08/11/2015
    • Resistance on 08/28/2015
    • Resistance on 09/15/2015
    • Resistance on 09/25/2015
    • Resistance on 09/28/2015
    • Resistance on 09/29/2015
    • Resistance on 09/30/2015
    • Resistance on 10/01/2015
    • Support on 10/05/2015
    • Support on 10/15/2015
    • Support on 10/20/2015
    • Support on 11/05/2015
    • Resistance on 05/05/2016
    • Resistance on 05/09/2016
    • Support on 06/16/2016
    • Support on 06/17/2016
    • Support on 06/27/2016
    • Support on 07/06/2016
    • Resistance on 07/21/2016
    • Resistance on 09/05/2016
    • Resistance on 09/06/2016
    • Support on 09/12/2016
    • Resistance on 09/14/2016
    • Resistance on 09/21/2016
    • Support on 11/28/2016
    • Support on 05/08/2017
    • Support on 05/09/2017
    • Support on 06/07/2017
    • Support on 06/09/2017
    • Support on 06/12/2017
    • Support on 06/13/2017
    • Support on 08/31/2017
    • Support on 12/20/2018
    • Resistance on 12/24/2018
    • Resistance on 12/28/2018
    • Support on 01/03/2019
  • Ending of entry zone (42.60)
    • Support on 08/13/2015
    • Support on 08/14/2015
    • Support on 08/28/2015
    • Support on 11/12/2015
    • Resistance on 11/23/2015
    • Support on 11/25/2015
    • Support on 11/26/2015
    • Resistance on 12/02/2015
    • Resistance on 12/03/2015
    • Resistance on 12/04/2015
    • Support on 04/25/2016
    • Support on 04/26/2016
    • Support on 07/26/2016
    • Resistance on 07/28/2016
    • Resistance on 08/04/2016
    • Resistance on 08/05/2016
    • Support on 06/23/2017
    • Support on 06/26/2017
    • Trough on 12/26/2018
    • Support on 12/26/2018

DateJanuary 12, 2019 - 16:08
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 39.650 would begin in Midterm.

Technical analysis:

  • While the RSI support #1 at 43 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 42.60 on 12/26/2018, so more gains to resistance(s) 52.80, 55.70, 60.15 and more heights 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 56.

Take Profits:

  1. 49.50
  2. 52.80
  3. 55.70
  4. 60.15
  5. 63.75
  6. 66.50
  7. 76.75
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) new 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
West Texas Intermediate Oil (WTI) Sat, 17 Feb 2024