Category Archives: Trading commodities, metals, energy

WTI plan

I see WTI hitting 107 by end of 2018

This is my analysis. Call it objective analysis or wishful guess but I see WTI reach 107 by end of 2018. That’s because we ran out of levels for the last 3 years but the next highest turning point in 2014 is around 107!

WTI daily weekly time frames meet here

Down flow WTI meets up flow just in time for OPEC Meeting

Current down trend on daily time frame converges with an up trend on the weekly. Short term speculators are running into fund managers looking at a longer horizon. Two big candles yesterday and the day before are signs of contest. This is the trading proposition for WTI right now.