{"id":13522,"date":"2023-04-13T08:39:08","date_gmt":"2023-04-13T08:39:08","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13522"},"modified":"2023-05-22T08:41:34","modified_gmt":"2023-05-22T08:41:34","slug":"wti-oil-on-a-triple-resistance-test-get-ready-for-a-big-move","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/04\/13\/wti-oil-on-a-triple-resistance-test-get-ready-for-a-big-move\/","title":{"rendered":"WTI OIL on a triple Resistance test! Get ready for a big move"},"content":{"rendered":"<p>WTI Oil (USOIL) has gone a long way since our buy call a month ago, that not only did it hit its target but smashed through the Jan Lower Highs and the 1D MA100:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"WTI OIL Excellent long-term buy opportunity.\" href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/kkHUyQrT-WTI-OIL-Excellent-long-term-buy-opportunity\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/k\/kkHUyQrT_big.png\" alt=\"WTI OIL Excellent long-term buy opportunity.\" \/><\/a><\/div>\n<p>The critical development of the week is that it hit the 1D MA200 (orange trend-line) for the first time since August 30 2022. Naturally that alone constitutes big news as along with the 83.35 High of December 01 and the top (Lower Highs trend-line) if the 8-month Channel Down, form a Triple Resistance Cluster.<\/p>\n<p>In our opinion, as long as the price is inside the Channel Down, we have a huge long-term sell opportunity, with Target 1 being on the 1D MA50 (blue trend-line) at 76.50.<\/p>\n<p>If on the other hand breaks above the Channel Down, we will hedge buy on the short-term and target the 1W MA50 (red trend-line) at 88.00, which is untouched since October 10.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USOIL\/7pBKWKt8-WTI-OIL-on-a-triple-Resistance-test-Get-ready-for-a-big-move\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USOIL\/7pBKWKt8-WTI-OIL-on-a-triple-Resistance-test-Get-ready-for-a-big-move<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WTI Oil (USOIL) has gone a long way since our buy call a month ago, that not only did it hit its target but smashed through the Jan Lower Highs and the 1D MA100: The critical development of the week is that it hit the 1D MA200 (orange trend-line) for the first time since August<\/p>\n","protected":false},"author":611,"featured_media":13523,"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-13522","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\/13522","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=13522"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13522\/revisions"}],"predecessor-version":[{"id":13526,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13522\/revisions\/13526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13523"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}