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

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (78.594 to 76.120). 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 (78.594)
  • Ending of entry zone (76.120)

DateNovember 19, 2022 - 06:32
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 76.120, beginning of uptrend is expected.
  • We make sure when the resistance at 96.995 breaks.
  • If the support at 76.120 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 45 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 89.315 on 11/11/2022, so more losses to support(s) 78.594 and minimum to Major Support (76.120) 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 39.

Take Profits:

  1. 80.930
  2. 84.079
  3. 86.913
  4. 92.615
  5. 96.995
  6. 100.802
  7. 107.746
  8. 113.230
  9. 120.000
  10. 126.350
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