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Weekly forecast West Texas Intermediate Oil technical chart
Symbol WTI

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (67.071 to 65.090). 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 (67.071)
  • Ending of entry zone (65.090)

DateOctober 31, 2026 - 00:18
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) 104.661, 109.192, 120.000 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