Crude Oil WTI Futures Weekly Analysis: Assessing Short-Term Rebound Potential.


Crude Oil WTI Futures Weekly Trend Analysis:

Entering the Bearish Zone 11 weeks ago, the market has been experiencing a downward trend. In the short term, the selling pressure is gradually weakening, indicating a potential rebound trend with $70 as a support level. It seems likely that we may see a shift towards a rebound trend in the coming 1-2 weeks as selling intensity diminishes. At the current juncture, the anticipated upward target in the rebound trend is $75, showcasing a restrained upward momentum.

Looking at the medium to long term, the expected rebound trend does not appear to exhibit a strong buying force to enter the Bullish zone. As we approach the end of December and the beginning of January next year, a return to a downward trend is anticipated. Consequently, an overall weak trend within the Bearish zone is expected, characterized by a consolidating market.

It is advisable to closely monitor key news and geopolitical factors influencing oil price fluctuations to assess whether there could be a change in the trend. Making informed decisions based on observations of factors that can impact the market dynamics is crucial.


Dec 04, 2023

Closed price

71.23

-3.83%

 

 

Appropriate Investment Position: Bearish-Sell [Long-term strategy]

This week's Buy-Sell intensity analysis

The current trend appears to be 'Entering a rebound trend'. The OPEN-price started with a stronger upward rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and an appropriate LOW-price compared to the current trend. Finally, the CLOSE-price closed with a suitable decline rate for the current trend.

The overall buy-sell intensity indicates that the sell intensity is stronger than the buy.

Assuming that the average sell intensity is -100%,

This week's sell intensity is

-117%

 

 

Next week's Buy-Sell intensity Prediction

Based on recent market trends and technical analysis, it looks like Crude Oil WTI Futures will enter a Rebound trend next week

The %intensity of Risk & Return next week :

3%

HIGH ~ LOW % range next week :

1.1%

-5.5%

Predicted Average loss over the next 3 weeks:

-1.8%

 

 

 

 

 

 

 

Crude Oil WTI Futures price futures 10 Week prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 weeks will follow a descending rectangle pattern, with a ratio of 4 : 6 for the downward to upward direction, indicating a higher proportion of the upward trend. However, in terms of the expected strength of the upward and downward movements, the upward strength is moderate, while the downward strength is higher. Currently, it's about to begin a rebound trend as a downtrend gradually gives way to a slowdown in falling and rising fluctuations. and It's maintaining a suitable Buy-Sell intensity for the current trend conditions.

Indicating that We are currently in a bearish zone. Therefore, it is recommended to implement a strategy to reduce risk and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate buying timing is predicted to be this week or next week.

 

 

 

 

 

And the appropriate selling timing is predicted to be in 7 weeks.

 

 

 

 

 

(Prediction may shift due to changes in the Buy-Sell intensity)

Volatility of Prediction

Due to maintaining a proper flow of Buy-Sell intensity that is suitable for the current trend, pretiming predictions may have low volatility.

Predicting the Turning Point of the Trend

The probability of a trend reversal occurring approximately 2 weeks from now, 8 weeks from now

 

Prediction of Upper~Lower price range over the next 10 weeks

Price:

65.55

~

74.13

% Change:

-8.0%

~

4.1%

Median price between the upper and lower prices

69.84

-2.0%

Analysis of the trend zone & level% and average intensity of trends

For the last 30 weeks, the average trend zone & level%

Bullish

13%

The Current trend zone & level%

Bearish

-99%

The expected average trend zone & level% for the next 10 weeks

Bearish

-68%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

32%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-65%

(Min -100%)

Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 week: Entering a rebound trend

3%

1.1%

-5.5%

In 2 weeks: Entering a rebound trend

43%

2.6%

-0.9%

In 3 weeks: Rebound trend

50%

4.4%

-0.4%

In 4 weeks: Temporary a downtrend

50%

3.3%

-0.2%

In 5 weeks: Rebound trend

30%

2.6%

-0.4%

In 6 weeks: Rebound trend

35%

2.8%

0.1%

In 7 weeks: Entering a downtrend

16%

1.3%

-0.8%

In 8 weeks: Entering a downtrend

-86%

0.5%

-7.2%

In 9 weeks: Downtrend

-21%

1.4%

-5.4%

In 10 weeks: Entering a rebound trend

-89%

0.2%

-5.3%

Average closing price in case of rising:

 

2.9%

=> HIGH ~ LOW range:

5.1%

~

-2.8%

Average closing price in case of falling:

 

-4.8%

=> HIGH ~ LOW range:

3.1%

~

-6.8%

The 10-week prediction and technical analysis of the Crude Oil WTI Futures index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.

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