Bruce_WTI_Forecast

Five-Week High Breakout Earlier in the week crude oil triggered a bull breakout to a five-week high of…

Short-term Target Reached Nonetheless, today’s high of $70.60 was a successful test of resistance around a prior support…

Reversal From 50-Day Moving Average The 50-Day MA is a key trend indicator for dynamic support for crude…

20-Day Line Turned Down Notice that the top of the flag shows resistance around the 200-Day MA (blue)…

Bouncing from Strong Support Support around last week’s swing low was marked by the confluence of an AVWAP…

Sitting at Strong Support Regardless of the potential for a deeper correction there is reason to believe that…

Signs of Strong Demand Nonetheless, the behavior of crude oil the past couple of days shows demand remains…

Initial Target Reached An initial key upside target zone from $68.79 to $68.98 has been defined on the…

Consolidation Continues Above 50-Day MA On Thursday, gold again consolidated within a relatively tight range around support of…

Failed Weekly Breakout The initial rally on Wednesday hit resistance around the 50-Day MA, before sellers took charge.…

Quick Recovery of 20-Day Moving Average The decline on Thursday completed a 38.2% Fibonacci retracement at $60.88 and…

Bulls in Charge Tuesday’s advance becomes more interesting when noticing the relatively bearish potential shooting star candle pattern…