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Weekly forecast West Texas Intermediate Oil technical chart
Symbol WTI
Trade Setup

#WTI
Total Profit: 34130 point
Closed trade(s): 25632 point Profit
Open trade(s): 8498 point Profit

Trade Setup:
We opened 14 BUY trades @ 56.393 based on 'Hammer' entry method at 2025-12-19.

Closed Profit:
TP1 @ 57.500 touched at 2025-12-22 with 111 point Profit.
TP2 @ 60.850 touched at 2026-01-13 with 446 point Profit.
TP3 @ 64.430 touched at 2026-01-29 with 804 point Profit.
TP4 @ 66.520 touched at 2026-02-19 with 1013 point Profit.
TP5 @ 69.972 touched at 2026-03-02 with 1358 point Profit.
TP6 @ 72.060 touched at 2026-03-02 with 1567 point Profit.
TP7 @ 74.480 touched at 2026-03-03 with 1809 point Profit.
TP8 @ 79.361 touched at 2026-03-05 with 2297 point Profit.
TP9 @ 83.961 touched at 2026-03-06 with 2757 point Profit.
TP10 @ 93.882 touched at 2026-03-09 with 3749 point Profit.
TP11 @ 100.802 touched at 2026-03-09 with 4441 point Profit.
TP12 @ 109.192 touched at 2026-03-09 with 5280 point Profit.
111 + 446 + 804 + 1013 + 1358 + 1567 + 1809 + 2297 + 2757 + 3749 + 4441 + 5280 = 25632 point

Open Profit:
Profit for one BUY trade is 98.882(current price) - 56.393(open price) = 4249 point
2 trade(s) still open, therefore total profit for open trade(s) is 4249 x 2 = 8498 point

#WTI
Total Profit: 15666 point
Closed trade(s): 7596 point Profit
Open trade(s): 8070 point Profit

Trade Setup:
We opened 8 BUY trades @ 71.981 based on 'Valley' entry method at 2026-07-07.

Closed Profit:
TP1 @ 76.530 touched at 2026-07-13 with 455 point Profit.
TP2 @ 79.361 touched at 2026-07-14 with 738 point Profit.
TP3 @ 85.290 touched at 2026-07-22 with 1331 point Profit.
TP4 @ 93.882 touched at 2026-09-09 with 2190 point Profit.
TP5 @ 100.802 touched at 2026-09-11 with 2882 point Profit.
455 + 738 + 1331 + 2190 + 2882 = 7596 point

Open Profit:
Profit for one BUY trade is 98.882(current price) - 71.981(open price) = 2690 point
3 trade(s) still open, therefore total profit for open trade(s) is 2690 x 3 = 8070 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateOctober 18, 2026 - 19:37
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 65.090 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI support #1 at 41 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 86.305 on 10/06/2026, so more gains to resistance(s) 100.802, 102.076, 109.192 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 65.

Take Profits:

  1. 76.530
  2. 79.361
  3. 85.290
  4. 93.670
  5. 100.802
  6. 109.192
  7. 126.350
Click on the level to view price action history.

Symbol Released Current Forecast
West Texas Intermediate Oil (WTI) free Sat, 31 Oct 2026
West Texas Intermediate Oil (WTI) free Sat, 24 Oct 2026
West Texas Intermediate Oil (WTI) free Sun, 18 Oct 2026
West Texas Intermediate Oil (WTI) free Tue, 13 Oct 2026
West Texas Intermediate Oil (WTI) free Sun, 4 Oct 2026