One question please Nateusna, what methodology(s) did you utilize to arrive at your $44 target range for WTI? In other words, what method was used to project that figure for you? I am not asking you to divulge all of your calculations, just to tell me please what the method(s) were that you used to arrive at the $44 target range. If they are proprietary, then just say so, otherwise if they are publicly known and commonly available, then I would like to know them as well please. Thank you for your reply beforehand.
@Ed.711.Schaffer, not a problem. Please take a look at one of my previous recent posts and you will see where I get the $44 range. If you are to go off of the weekly MACD, statistically the trend is pointing downward as it is in a channel. In terms of the price, the daily and weekly are also in an uptrend channel that is temporarily correcting (in my opinion).