Posts Tagged ‘signal’

WTI Crude Oil and 45.93

August 29, 2017 Leave a comment


In Oil and 46.63 it was noted that:

A weekly close below 45.93 for WTI would make that level resistance. Breaking below 42.42 could potentially open up the possibility of WTI moving substantially – even to below the mid-30’s.

Now, as this is being written, WTI crude oil has dipped below 45.93 which, should price hold below that level on a weekly basis opens up a test of dual resistance at 43.82 and 43.12.

Should dual resistance be broken, then 42.42 would be the final resistance before WTI could potentially dip below 40.

SCO gave an early warning that WTI was going to reverse lower. For more details on that, click here.

Disclaimer: The information provided here is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.

Author does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. To the maximum extent permitted by law, author disclaims any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

Content contained on or made available through the website is not intended to and does not constitute legal advice or investment advice and no attorney-client relationship is formed. Your use of the information on the website or materials linked from the Web is at your own risk.