Login

Register

Login

Register

Technical Analysis On Oil: WTI Crude Nears Gap Fill

Technical Analysis On Oil:

WTI crude oil continues to hold strong, crossing above $40/bbl today. As a V-shaped recovery is taken as a given by most investors and analysts, price has moved higher from a low of -$40 to +$40. However, this amazing move may be on the verge of running out of steam. There is a monster gap on the WTI crude oil chart at $41.25. Technical analysis on oil signals this is the likely stopping point and reversal point on crude. The chart is clear and price will run into a major level at $41.25.

Based on calculations, crude could fall from $41.25/bbl to as low as $20/bbl. This means a potential for 50% downside to investors who decide to pull the trigger and short. I plan on doing it myself as a swing trade utilizing the $SCO, a 2x inverse ETF.

A net gain of +1048.38% through June 19th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10%+ almost every day (yesterday 3 winners of over 10% each). With the wild swings in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds.  See technical analysis on oil in the commodity chart below of WTI crude.