WTI - Currently in a head and shoulders pattern and heading for bottom of the big picture triangle pattern. Volume confirms head and shoulders.
very foolish ignore this price range , easy money 2.40is play with larger early entry ( at close) trend is your friend
there is a very real possibility of oil trading in the 65 to 85 - 100 dollar range over the next 2 to 3 years. If WTI breaks out above 2.80 level it is likely the stock could return to its 9 dollar highs in 18-24 months
we could see a short term reversal in oil that could drive the price into the low 40s at this level some technical indicators would point to such. A possible 5 week correction bringing WTI into the 1.40s which at that level would present a major buying opportunity
Chart speaks for itself..
WTI near 2 supports. BUY: $2.21 STOP: 2.12 TP: $2.55
Volumes are going low! There might be a trend reversal soon! Buy @ $2.2 Sell @ $2.8
Due to the mortgage delinquencies, the US dollar has been going down since yesterday morning. This could influence the price of oil. Also, the government plans to reduce the output of oil to stimulate the oil price. Although the fundamentals tell us that the price of oil could go up soon, we still see that there are negative signals. The MACD lines just went...
Welcome Hyperspace Agent. This is an analysis of WTI OIL. In order to understand where we are now, you must see the entire time-series of Part One. Press Play first.. Then View Snapshots In Order Then scroll to see Time-Series Snapshots In order. This idea is from Sept 2019. If you skip the step above.. you won't understand... how i progressed to what I am...
WTI = STAY TUNED... $WTI Krohn Tracy W Bought 285,976 shares × $2.15 = $614,448 Share count: 47,045,101 shares .. "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise" - Peter Lynch
After 3 days negative, Strong potential to cross 3.66 as early as June 17th.
After building a complex system I realized that less trading is better and fewer indicators make it easier to understand and follow your own strategy. I looked at every single chart used by pro and non-pro (over the 3000 published in Tradingview) and decided to use a very clear and simple "Buy/Sell" colored indicator based on trends. I am using: -Trend lines by...
lmao all of you thought it was going hire and buying dips.... chart it daily shows down since last year. and earnings is coming up so yeah down down down it goes
Close as of Friday $2.73 a share My entry is at $2.67 a share I'm setting my S/L @ 2.56 a share (risking about 5%).. looking for about 20% upside in next 30 days. Could see some more consolidation early in the week but its poised to break up or down.. Areas of support $2.58-$2.61 PT #1 - $2.95 - $2.98 PT #2 - $3.16 - $3.19 - Highest probability short term...
WTI trying to breakout of it's current pennant. If it breaks out, I would expect a retest once it gets rejected by the .382. Then it should race towards the .5. It might run short unless it can get past that heavy $3.2 zone.