{"id":13078,"date":"2023-01-19T08:19:10","date_gmt":"2023-01-19T08:19:10","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13078"},"modified":"2023-05-18T08:22:48","modified_gmt":"2023-05-18T08:22:48","slug":"wti-oil-limited-upside-significant-downside","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/01\/19\/wti-oil-limited-upside-significant-downside\/","title":{"rendered":"WTI OIL Limited upside, significant downside"},"content":{"rendered":"<p>It is time to update our WTI Oil (USOIL) thesis, which was bullish last week as the Resistance within the Channel Up broke:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL 4H Death Cross. Trade the break-outs.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/kYgfvPRA-WTI-OIL-4H-Death-Cross-Trade-the-break-outs\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/k\/kYgfvPRA_big.png\" alt=\"WTI OIL 4H Death Cross. Trade the break-outs.\" \/><\/a><\/div>\n<p>This time we see one last rise as a possibility since the price is rebounding on the 4H MA50 (blue trend-line) but limited to the 83.40 Resistance. An exception can be made to an overextension to the 85.00 &#8211; 86.00 range on the red zone, which is the top (Lower Highs) limit of the 5-month Channel Down (dashed lines).<\/p>\n<p>On that point or if the price breaks below the 4H MA50 first, we expect a strong drop, with the downside open to at least the 70.10 Support. A more likely scenario in our opinion.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/jiSdxHF3-WTI-OIL-Limited-upside-significant-downside\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/jiSdxHF3-WTI-OIL-Limited-upside-significant-downside<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is time to update our WTI Oil (USOIL) thesis, which was bullish last week as the Resistance within the Channel Up broke: This time we see one last rise as a possibility since the price is rebounding on the 4H MA50 (blue trend-line) but limited to the 83.40 Resistance. An exception can be made<\/p>\n","protected":false},"author":611,"featured_media":13079,"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-13078","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\/13078","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=13078"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13078\/revisions"}],"predecessor-version":[{"id":13081,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13078\/revisions\/13081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13079"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}