Sunday 09 May 2021

Technical forecast for WTI Crude

By Jason Sen () · March 18, 2013 · Comments Off
Energy · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast

WTI Crude hit our target of 93.72 on Friday ‘where there is a good chance of a high today. We topped just above at 93.84.

We are testing support at 92.12. Watch for a break below 92.00 to lead us lower again towards 91.58/40 with a low for the day possible as this is strong support. Longs will need a stop below 91.05.

Resistance at 92.68/78 could hold a bounce from 91.12. If trying shorts here we need a stop above 93.00 for a move towards 93.31.

Energy

Risk WarningSite visitors hereby acknowledge that: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Technical forecast for WTI Crude

Types of Charts and How They Are Constructed by Abe Cofnas

Launching Long Term Position Trading In Forex by Abe Cofnas

Currencies, Commodities and Intermarkets By Abe Cofnas

Currency Pairs – Key Characteristics By Abe Cofnas

Types of Charts and How They Are Constructed by Abe Cofnas

USDCAD Looks Bullish Long-Term! – Elliott wave (video)

Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day

EURUSD : Sell Trade Setup

Elliott Wave View Expecting AUDJPY to Extend Lower

Elliott Wave View: S&P 500 Futures Eyeing New All-Time High