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Posts Tagged ‘Oil WTI Techincal Analysis’

January 10th, 2018: OIL WTI Chart Update

Posted by pugsma on January 10, 2018

3:00 pm EST:   Back on May 5th, 2017 with OIL WTI trading down at $45.50 I made intermediate term forecast that OIL WTI would head higher toward at target at $63 to $74.    Here we are on January 10th, 2018 with OIL WTI trading at $63.45.

Basically OIL WTI has moved higher from the $26 bottom in an [A]-[B]-[C] corrective wave to the [C]=0.62[A] target of $63.   There is still a potential higher target at the [C]=[A] target of at $72.

OIL WTI Weekly Chart Comparison 5-5-17 vs 1-10-18:

OIL WTI Technical Analysis

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May 5th, 2017: OIL WTI Chart

Posted by pugsma on May 5, 2017

Before I hit the road today, here is a quick look at the OIL WTI Chart.

Posted in OIL | Tagged: | Comments Off on May 5th, 2017: OIL WTI Chart