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 80.100 breaks.
  
• If the support at 64.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  

Technical analysis:

• A trough is formed in daily chart at 66.510 on 11/18/2024, so more gains to resistance(s) 75.446, 77.920 and maximum to Major Resistance (80.100) is expected.
  

Take Profits:

1. 75.446
   
2. 77.920
   
3. 80.100
   
4. 83.961
   
5. 87.000
   
6. 93.882
   
7. 100.802
   
8. 109.192
   
9. 126.350
   

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