Current Thinking on WTI weekly

Down sloping PF off 2016 low and 2018 high (red)

  • The median line provided some key areas of resistance/support from 2017 to present
  • Support in 2020 low off lower parallel (good rejection)
  • Test after price break late 2020
  • Next target is upper parallel. An option is that price breaks above upper parallel then pulls back to test the break [A]


snapshot

snapshot



Chart PatternscrudeCrude OilcrudewtiTechnical IndicatorsOilTrend AnalysisWTIwtioil

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