JohnBaron

A conceptual view of WTI trading over the next week

FX_IDC:USDWTI   WTI CRUDE OIL / US DOLLAR
132 1 3
7 months ago
WTI has moved into a bear market. Following support levels and patterns from last year, I anticipate another 4-5% decline in USDWTI             until next August 16th. The contract rollover will serve to stimulate some buying. After two weeks of bearish 'EIA' reports, I anticipate 'EIA' next week will be bullish relative to market expectations and that will stimulate a further increase, coupled with short squeeze should result in a double digit spike in price.

That's the theory anyway.
7 months ago
Comment: check out the new idea
WingedFury
7 months ago
According to your chart here, we can expect a correction, for it crossed over the angled support level. Thoughts?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out