Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
WTI: Weekly Forecast 6th February 2022
CFDs on WTI Crude Oil
Long
WTI: Weekly Forecast 6th February 2022
By AlgoVenture
Follow
Follow
Feb 6, 2022
1
Cheer
Cheer
1
1
Feb 6, 2022
WTI has climbed for the 7th week and is now trading right at the top of a 15-month rising channel.
This could mean the price has topped out but there's no sign of reversal just yet.
Therefore, we will continue to follow the trend and look for buying opportunity as price pulls back towards 89.5.
However, if the price is able to reach the bottom of the current rising channel at around 87.9, a reversal is likely to happen in the coming weeks.
dlifestyletrader
Energy Commodities
Fundamental Analysis
Technical Indicators
Trend Analysis
Crude Oil WTI
weeklyanalysis
weeklyforecast
WTI
Related publications
WTI: Weekly Forecast 18th July 2021
by AlgoVenture
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.