WTI - Weekly Forecast - Technical Analysis & Trading Ideas

470
Midterm forecast:
  • While the price is above the support 64.000, resumption of uptrend is expected.
  • We make sure when the resistance at 79.361 breaks.
  • If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

USOIL WTI
Technical analysis:
  • A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected.

Take Profits:
  1. 68.354
  2. 70.182
  3. 72.434
  4. 74.449
  5. 77.410
  6. 79.361
  7. 83.961
  8. 87.000
  9. 93.882
  10. 100.802
  11. 109.192
  12. 126.350

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ForecastCity Support Team

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