WTI has a resistance at appx 84.4, but it looks like more likely it'll go lower to 78 due to incredible momentum.
WTI descending triangle in down-trend expected to be broken down on 2014-10-06 with the target 84.8
Broken upside symmetric triangle, confirmed Gartley+Butterfly, AB=CD on the way to 103.2-103.5 as a reversal target. Butterfly idea was gratefully adopted from dojitrader
Bat standard reversal target + resistance = possible reversal from the resent highs.
WTI symmetric triangle and BB pinching points to breakout before today's NY close. Which way? Most probably up.
Weekly bearish engulfing candle annihilates 3.5 weeks of up-swing. The key to the development is breaking below 91.74, which requires prior breaking of down-sloping blue trend line. If that is realized, one can expect AB=CD with the target around 82.5 withing 7 weeks. The idea is supported by increased oil production by Lybia and (supposed-to-be) by Iran in the...
WTI wedge in the down-trend favors short-term downturn