WTI Market Analysis for the week of Jan 31
Upside, the 86.50 price region can contain selling into later February, above which 92.00 - 93.00 resistance structure remains a several week target, where the market can potentially place an annual high.
Downside, a weekly settlement back below the 86.50 area should mark a good Q1 high, 73.50 followed by 65.50 then attainable over the following several months time.
TRADE PLAN:
Last weeks daily settlement on 1/26 @ 87.35 (confirmed the 1% margin) above the 86.05 channel. If price settles on a weekly basis below 86.50, this trade likely fails. The 92.00 price area should be obtained within several weeks, hopefully prior to contract expiration.
Upside, the 86.50 price region can contain selling into later February, above which 92.00 - 93.00 resistance structure remains a several week target, where the market can potentially place an annual high.
Downside, a weekly settlement back below the 86.50 area should mark a good Q1 high, 73.50 followed by 65.50 then attainable over the following several months time.
TRADE PLAN:
Last weeks daily settlement on 1/26 @ 87.35 (confirmed the 1% margin) above the 86.05 channel. If price settles on a weekly basis below 86.50, this trade likely fails. The 92.00 price area should be obtained within several weeks, hopefully prior to contract expiration.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.