High probability for another test around $75.00
Reference my last chart analysis for WTI.
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Major uptrend for West Texas Intermediate
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Tag Archives: oil
West Texas Intermediate testing major resistance
There is a high probability that WTI will break above the May high of $$72.90. It is in the cards!
West Texas Intermediate Daily Chart
Reference my last chart analysis for black gold.
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http://www.oilsandsmagazine.com/energy-statistics/world#consumption
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What are Natural Gas Liquids – NGL
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http://www.oilsandsmagazine.com/energy-statistics/world#consumption
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“Technical Analysis is about enjoying the ride and knowing the exit”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
West Texas Intermediate trading above $70
Reference my last chart analysis for WTI.
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“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
Weekly U.S. field production of crude oil
Link to the data set for the above chart.
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2018 TradeOnline.ca
West Texas Intermediate testing major resistance at $55
WTI Weekly Chart 2012 to 2017
Reference the last chart analysis for WTI
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2017 TradeOnline.ca
WTI is attempting to hold support near $48
Major trend is up, intermediate trend is sideways and the near-term trend is down
______________________________
“Technical Analysis is about putting the probabilities on your side.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2017 TradeOnline.ca
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Natural Gas up 58.47% in 2016
West Texas Intermediate up 44.92% in 2016
2016 Performance for Selected Commodities
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“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca
$45 is a major support zone for West Texas Intermediate
$50 is a major resistance zone
West Texas Intermediate 3-Year Chart
$45 was resistance on the way up so it is support on the way down. The reversal of roles is an important concept in technical analysis. Reference https://tradeonline.ca/2016/04/28/west-texas-intermediate-closes-resistance-45/
______________________________
“Technical Analysis is about probabilities.”
Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
© 2016 TradeOnline.ca