WTI - Weekly Forecast - Technical Analysis & Trading Ideas

Midterm forecast:

• While the price is above the support 64.000, resumption of uptrend is expected.
  
• We make sure when the resistance at 79.361 breaks.
  
• If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  

USOIL WTI
Technical analysis:

• A peak is formed in daily chart at 79.355 on 01/15/2025, so more losses to support(s) 64.900 and minimum to Major Support (64.000) is expected.
  

Take Profits:

1. 68.354
   
2. 70.182
   
3. 72.434
   
4. 74.449
   
5. 77.410
   
6. 79.361
   
7. 83.961
   
8. 87.000
   
9. 93.882
   
10. 100.802
    
11. 109.192
    
12. 126.350
    

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ForecastCity Support Team