{"id":11494,"date":"2021-08-31T09:11:25","date_gmt":"2021-08-31T09:11:25","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11494"},"modified":"2023-05-04T09:13:31","modified_gmt":"2023-05-04T09:13:31","slug":"wti-oil-had-the-biggest-weekly-rise-since-may-31-2020","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/08\/31\/wti-oil-had-the-biggest-weekly-rise-since-may-31-2020\/","title":{"rendered":"WTI OIL had the biggest weekly rise since May 31 2020!"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>WTI Crude Oil posted last week the strongest 1W candle (+10.30%) since May 31 2020 (+11.44%). What can this possibly mean for future prices? Alone nothing. But as you see, last week&#8217;s bounce came after a 1W RSI touch on the 43.50 Support which has been holding since May 2020 as well. That makes the bullish case stronger but based on the September &#8211; October 2020 fractal (right before the U.S. elections) we may see one last pull-back before a new rally. As seen on the chart, that pull-back may find Support on the 1W MA50 (blue trend-line). As long as this holds, the trend will remain bullish, so for a swing trader, the best course of action would be to scale with a buy now and if the price pulls back, add another closer to the 1W MA50.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/5TfGDuv4-WTI-OIL-had-the-biggest-weekly-rise-since-May-31-2020\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/5TfGDuv4-WTI-OIL-had-the-biggest-weekly-rise-since-May-31-2020<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; WTI Crude Oil posted last week the strongest 1W candle (+10.30%) since May 31 2020 (+11.44%). What can this possibly mean for future prices? Alone nothing. But as you see, last week&#8217;s bounce came after a 1W RSI touch on the 43.50 Support which has been holding since May 2020 as well. That makes<\/p>\n","protected":false},"author":611,"featured_media":11495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11494"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11494\/revisions"}],"predecessor-version":[{"id":11497,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11494\/revisions\/11497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11495"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}