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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Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。