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Westtexasoil

WTI, Important Technical Analysis UpdateMidterm forecast: While the price is below the resistance 42.90, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 42.90 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 41.61 on 2020-06-23, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. A trough is formed in daily chart at 38.60 on 07/10/2020, so more gains maximum to Major Resistance (42.90) 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 59. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
19
WTI, Important Technical Analysis UpdateMidterm forecast: While the price is below the resistance 42.90, beginning of downtrend is expected. We make sure when the support at 30.85 breaks. If the resistance at 42.90 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 40.565 on 2020-06-08 and the peak at 41.61 on 2020-06-23, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. A trough is formed in daily chart at 38.60 on 07/10/2020, so more gains maximum to Major Resistance (42.90) 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 59. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
TVC:USOIL
by ForecastCity
28
Oil Changing Trend - Slowly Moving Back Up- Oil has stopped its massive downtrend - now pushing higher. Is the worst behind us? - Fundamental outlook is slightly more bullish given a number of countries moving out of severe lockdowns - this will help drive demand and sort out the oversupply. - Technically we have crossed the downtrending median line and we have targets at the upsloping median lines. - Bottoming is a process and we expect prices consolidate and move in a measured way.
OANDA:WTICOUSDLong
by Tuhi_Capital
Crude and Oil Stocks - It's here, the massive collapse few experts warned about. Today, was proof that demand is much smaller than mainstream economists thought. Sure, June contracts are $21, but, that can change like it did today. From here, what can we expect with oil being at $1 a barrel? Simple. Massive closures of oil fields and oil producers going bust. Remember that oil producers barely make it by on $40 a barrel oil, so, at -35 or $1 oil, it's a dead end. Sell your stock in oil companies, wait to see what transpires from here and go into safe havens for now. I foresee another massive selling coming soon unless the Fed and PPT start buying and manipulating. Next level of investment - It's Robinhood Gold, but free and FAR better. Tick by Tick updates and so much more plus 1 free stock. act.webull.com
AShort
by WorldEconomics
Don't miss the great buy opportunity in USOILTrading suggestion: . There is a possibility of temporary retracement to suggested support line (56.22). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USOIL is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 58.00 TP2= @ 60.95 TP3= @ 66.57 SL= Break below S2
FX:USOILLong
by ForecastCity
4