2.16 and 7.50 i would say that if we see a return to covid protocol over the winter and being slower demand for oil consumption then we will hit 2.16 as we approach the spring of 2022 we will see an increase in demand reaching the top of wave three at 7.50.. this is my opinion, i am not trading energy at this time
It seems like we may be in a bearish Wolfe Wave pattern here for the time being, I don't think the bullish pattern fits because our wave 3 is higher than our wave 1. Short term we could see a PT of up to 5.50 before a pullback to sub $3 but with the fib resistance at 5.06 we may see the pattern begin a turn-around there. Lets see!
With Oil and Gas stocks continue to rally up form their 2020 lows, and SPDR S&P Oil & Gas Exploration & Production ETF ($XOP) already above its Pre-Covid levels, $WTI rally of +24.06% over the past weeks of trading upon the high volume break of a two weeks consolidated pattern, continue to suggest it is playing catch up relative to the broader sector. With...
Ascending demand with little commodity supply and investment in extraction project in the past. Target at double price.
Sign of Strength in the chart: 1. Breaking up from Accumulation 2. Pullback with No Supply and Spring 3. No sign of weakness / distribution Hit the "LIKE" button to support us :) Disclaimer This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Ascending Triangle, confirmed (114PC) Pros: Descending volume during formation Volume at break out Golden cross in blue PPS above 50MA and 200MA RS above 0, and ascending ATR Ascending R/R ratio above 21, very high 250RSI above 50 200MA ascending Target: PT = 8.02$ Help how ever you can to keep this alive. Thank you to those who have donated Coins! Always do...
This is why I prefer to open many small positions - you never know which one will be successful! --- How to understand price action. It is very easy to read price action if you have a reference point. These support/resistance lines are there to help you read where the buyers and sellers are likely to make a stand. You can also think of these indicators as...
Shares of WTI stock shot up huge on Thursday. This move came just a day after the company reported its latest earnings results. The oil and gas company beat on both EPS and sales. Most notably, W&T reported a loss per share of 5 cents. Though this was the case, the same year-ago period saw a loss per share of 31 cents. Sales came in at $94.75 million compared to...
inverted H&SH target is 4.10 there is weekly recommendation for WTI please preview it
Here we see it is bouncing off long term lows very nicely. If we look more at the current time period it only further confirms this. Look for continuation into the coming days/weeks until it retest pre-crash highs.
WTI has broken out of an Inverse Head and Shoulders pattern.
Obviously undervalued and being stonewalled. Oil to 60 and volume here can take this stock between 5.60 and 6.60
get in now before this runs away
This stock is now forming a pattern that is similar to that at point 1, and a possible double top. It may likely be a good short set up. As the pattern develops i will keep this idea updated, so like, comment, follow so you don't miss any update. Thank you.