Bruce_WTI_Forecast

Dynamic Resistance at 20-Day MA Since the sharp drop on April 3, the 20-Day MA has defined dynamic…

Bullish Hammer Pattern There is a possible one-day bullish hammer reversal candle to be established today. If so,…

20-Day Moving Average in Sight Given that the rally shows signs of continuing, higher potential price targets remain…

Bearish Inside Day Forms Today, Thursday, crude oil consolidated forming an inside day with a high of $63.73…

Counter-trend Rally in Play Given the sharp five-day decline to a low of $55.23 that ended last week,…

Consolidation Sets Stage for Next Run On Tuesday, the price of crude oil continued to compress as the…

Volatility Likely to Continue Given the significant increase in volatility seen since the start of the one-day bearish…

Measured Moves Matched As shown on the chart, there have been two previous large downswings since the 2023…

Volatility Likely Within One-Week Range Nonetheless, given the wide trading range for this week, crude oil could trade…

Resistance Seen After Targets Hit During Monday’s advance to a high of $72.07, a 61.8% Fibonacci retracement of…

Weekly Bullish Signal Notice that the price level around today’s low may have some significance. It is near…

Completing Inside Day of Rest Although an inside day shows consolidation, the day may end with a bullish…