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WTI Crude Oil Price Outlook: Breakout Eyes Resistance- Bulls at Risk
2021-04-19 18:00:00
Michael Boutros,
Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oilupdated technical trade levels – Weekly Chart
WTI breakout vulnerable near-term sub– rally may be vulnerable sub-62
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Oil prices have surged more than 11% off the March low with a breakout of a multi-month downtrend taking WTI into initial resistance targets. While the broader outlook remains constructive, the immediate advance may be vulnerable in the days ahead below this threshold. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.
Oil Price Outlook: Crude Breakout Vulnerable at Multi-year Resistance 2021-02-20 16:00:00 Michael Boutros, Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oilupdated technical trade levels – Weekly Chart
WTI breakout extends into multi-year trend resistance– rally may be vulnerable sub-62 Advertisement
Oil prices have surged more than 29% since the start of the 2021 with WTI attempting to mark a fourth consecutive weekly advance to fresh yearly highs. The rally takes price into critical multi-year trend resistance and leaves the immediate rally vulnerable while below this threshold- on the lookout for inflection in the days ahead. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.
Oil Price Outlook: Crude Breakout Accelerates- Resistance Lies Ahead 2021-02-03 17:30:00 Michael Boutros, Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oil updated technical trade levels – Weekly Chart
WTI breakout extends into February open– risk for inflection multi-year resistance Advertisement
Oil prices have surged more than 7.2% since the start of February with WTI breaking to fresh yearly highs to trade at 55.89 in early US trade on Wednesday. While the recent price breakout keeps the outlook weighted to the topside, the rally is now approaching multi-year slope resistance and may be vulnerable heading into this zone near-term. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.
Oil Price Outlook: Crude Breakout Spills into 2021- Resistance Ahead 2021-01-06 18:08:00 Michael Boutros, Strategist
Crude Oil Technical Forecast: WTI Weekly Trade Levels
Crude Oilupdated technical trade levels – Weekly Chart
WTI breakout extends into yearly open– risk for inflection off near-term uptrend resistance Advertisement
Oil prices have surged more than 51% off the November lows with WTI rallying to fresh multi-monthly highs into the 2020 open. The oil breakout is now testing initial uptrend resistance and while the broader outlook remains weighted to the topside, the immediate advance may be vulnerable while below this threshold. These are the updated targets and invalidation levels that matter on the oil price weekly chart. Review my latest Strategy Webinar for an in-depth breakdown of this crude oil price setup and more.