Tag Archives: WTI

West Texas Intermediate (WTI) long-term-chart

Crude oil reached an all time high of $147.27 in July of 2008. I have placed a trendline on the chart which shows a breakout above the trendline and indicates that WTI has more runway. Could $100 be in the cards before the end of the year?

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Technical Analysis is about avoiding snakes and catching ladders

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.

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Intermediate downtrend for WTI

West Texas Intermediate broke near-term support around $65. It is trading below the 200 day simple moving average and the next major test is around $55 to $57.50.

West Texas Intermediate weekly three-year chart showing the intermediate downtrend.

Reference the last chart analysis for WTI.

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“Technical Analysis is not TV blabber”
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

Ouch! Monthly average WCS discount to WTI

WCS discount to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“Technical Analysis is about identifying trends”
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

Chart showing the monthly average discount for WCS to WTI

Monthly average discount for WCS to WTI

http://www.oilsandsmagazine.com/energy-statistics/oil-and-gas-prices

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“What is the major tend? What is the intermediate trend? What is the near-term trend?”
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

West Texas Intermediate Crude chart showing the test at major resistance of $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

Intermediate uptrend for West Texas Intermediate

WTI Daily Chart showing the intermediate uptrend

WTI Daily Chart

Reference the last chart analysis for WTI based on the weekly chart showing major resistance at $55.00

______________________________

“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