{"id":11712,"date":"2021-12-16T09:09:45","date_gmt":"2021-12-16T09:09:45","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11712"},"modified":"2023-05-05T09:11:36","modified_gmt":"2023-05-05T09:11:36","slug":"wti-oil-consolidation-almost-over-buy-the-break-out","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/12\/16\/wti-oil-consolidation-almost-over-buy-the-break-out\/","title":{"rendered":"WTI OIL Consolidation almost over. Buy the break-out."},"content":{"rendered":"

 <\/p>\n

This is an update to a pattern on WTI that I’ve been working on since August:<\/p>\n

\"WTI<\/a><\/div>\n

As you see, the price did eventually rebound and right now is consolidating within the 1D MA200 (orange trend-line) being the Support and the 1D MA100 (green trend-line) being the Resistance. This is similar to the August 25 – September 10 consolidation, looking like another accumulation phase before a major rally.<\/p>\n

Be ready to buy the break-out and target 76.30 on the short-term, which where the 1D MA50 (blue trend-line) may act as a Resistance. After the (yellow) Lower Highs trend-line breaks, our attention shifts to the long-term target of $85.00.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/USOIL\/LH94lAHZ-WTI-OIL-Consolidation-almost-over-Buy-the-break-out<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  This is an update to a pattern on WTI that I’ve been working on since August: As you see, the price did eventually rebound and right now is consolidating within the 1D MA200 (orange trend-line) being the Support and the 1D MA100 (green trend-line) being the Resistance. This is similar to the August 25<\/p>\n","protected":false},"author":611,"featured_media":11713,"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-11712","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\/11712","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=11712"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11712\/revisions"}],"predecessor-version":[{"id":11715,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11712\/revisions\/11715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11713"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}