Audience: Trader
Risk Amount: .05% to 1.5%
Entry Price(s): 57
Publication: Free Analysis (Promotional)
Author: www.MKSara.com
Ticker: WTICOUSD
Description: Wext Texas Intermediate Oil Futures
Type of Analysis: Technical
Source of Analysis: Price Action Daily Candlestick
Trend Analysis: Consolidation
Trend Velocity: Negative Acceleration
Current Price: 57.053
5 Day Forecast: Below 56.28
Price Range : 57.66 resistance and 56.28 support and 55.76 support.
Conclusion: 56.28 is a 1.09 Risk reward ratio, while 55.76 is 1.88 risk reward ratio. I suspect penetration at both support levels are likely however Candlesticks will confirm whether momentum continues.
Risk Amount: .05% to 1.5%
Entry Price(s): 57
Publication: Free Analysis (Promotional)
Author: www.MKSara.com
Ticker: WTICOUSD
Description: Wext Texas Intermediate Oil Futures
Type of Analysis: Technical
Source of Analysis: Price Action Daily Candlestick
Trend Analysis: Consolidation
Trend Velocity: Negative Acceleration
Current Price: 57.053
5 Day Forecast: Below 56.28
Price Range : 57.66 resistance and 56.28 support and 55.76 support.
Conclusion: 56.28 is a 1.09 Risk reward ratio, while 55.76 is 1.88 risk reward ratio. I suspect penetration at both support levels are likely however Candlesticks will confirm whether momentum continues.