WTI - Weekly - Down, before Up, if you know what I mean.

TVC:USOIL   CFDs on WTI Crude Oil
WTI had a really good run from the middle of summer last year. Starting from around $43 and adding approximately an extra 20 Bucks. Not a bad return in half a year.

I believe that it might go higher again later on this year, but for now it needs a good retracement.

I am looking for a move to the first closest trend line , which will be around 23.6% on the Fibonacci. If that won't hold, then aiming for that little bubble area, where the second trend line passes. That level is around the 38.2% retracement . Also, the 200 MA will be a good support for the price if it get's there.

Certainly, this is a tricky trade at the moment, but could work out.

Keep an eye on the price action!
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out