Audience: Trader
Risk Amount: .05% to 1.5%
Entry Price(s): 57
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: WTICOUSD
Description: Wext Texas Intermediate Oil Futures
Type of Analysis: Technical
Source of Analysis: Price Action Daily Candlestick
Trend Analysis: Consolidation
Trend Velocity: Negative Acceleration
Current Price: 57.053
5 Day Forecast: Below 56.28
Price Range : 57.66 resistance and 56.28 support and 55.76 support.
Conclusion: 56.28 is a 1.09 Risk reward ratio, while 55.76 is 1.88 risk reward ratio. I suspect penetration at both support levels are likely however Candlesticks will confirm whether momentum continues.
Risk Amount: .05% to 1.5%
Entry Price(s): 57
Publication: Free Analysis (Promotional)
Author: MKSara.com
Ticker: WTICOUSD
Description: Wext Texas Intermediate Oil Futures
Type of Analysis: Technical
Source of Analysis: Price Action Daily Candlestick
Trend Analysis: Consolidation
Trend Velocity: Negative Acceleration
Current Price: 57.053
5 Day Forecast: Below 56.28
Price Range : 57.66 resistance and 56.28 support and 55.76 support.
Conclusion: 56.28 is a 1.09 Risk reward ratio, while 55.76 is 1.88 risk reward ratio. I suspect penetration at both support levels are likely however Candlesticks will confirm whether momentum continues.
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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.
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.