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: -581 point
Closed trade(s): 0 point Profit
Open trade(s): -581 point Profit

Trade Setup:
We opened 7 SELL trade(s) @ 41.55 based on 'Shooting star' entry method at 2020.11.11.

Open Profit:
Profit for one trade is 41.55(open price) - 42.39(current price) = -83 point
7 trade(s) still open, therefore total profit for open trade(s) is -83 x 7 = -581 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.

DateNovember 21, 2020 - 14:13
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 34.600 breaks.
  • If the resistance at 43.750 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 65 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 40.20 on 11/13/2020, so more gains maximum to Major Resistance (43.75) 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:

  1. 39.70
  2. 38.15
  3. 36.30
  4. 34.60
  5. 30.85
  6. 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