ForecastCity

💡WTI . Weekly Technical Analysis Update

TVC:USOIL   CFDs on WTI Crude Oil
Midterm forecast:
43.75 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 40 .20 on 11/13/2020, so more gains to resistance(s) 50.70, 54.75, 57.80 and more heights 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 74.

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Comments

Thanks for the great update
+2 Reply
@Lizabet, You're welcome!
+1 Reply
Please update gold 👏
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ForecastCity Pro_Trader_007
@Pro_Trader_007, Please check the weekly section on the website.
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I always enjoy your ideas.
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ForecastCity Josef_anderson
@Josef_anderson, It's our pleasure. 👍
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Cool 👍
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@Kamryn, Thanks, We wish you the bests. 👍
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❄️ I love your incredible idea ❄️
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ForecastCity Kristalyn
@Kristalyn, We're glad you loved it. We wish you the bests. 👍
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