{"id":119731,"date":"2018-01-17T07:01:34","date_gmt":"2018-01-17T12:01:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=119731"},"modified":"2018-06-01T15:46:42","modified_gmt":"2018-06-01T15:46:42","slug":"wti-is-topping-out","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/wti-is-topping-out\/","title":{"rendered":"WTI is Topping Out"},"content":{"rendered":"
January 17, 2018<\/div>
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By Admiral Markets<\/b><\/p>\n

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The WTI is still bullish, but we could see a possible correction taking place. The WTI topped out at 64.67 W H1 and the break of an X-Cross \u2122<\/a> (a trendline and camarilla pivot cross) at 63.40 could target 62.82 and 61.51 and 60.74 as a part of a more substantial correction. Continuation to the upside is expected at the break of 64.67, and it could lead to 65.30 and 66.24. 60.74 is a stable weekly level, and we might see fresh buyers who will push the price higher if the 60.74 is hit.<\/p>\n

W H3 -1.2055 should give another upside boost to the pair.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>

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D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)<\/p>\n

D L3 \u2013 Daily Camarilla Pivot (Daily Support)<\/p>\n

D L4 \u2013 Daily H4 Camarilla (Very Strong Daily Support)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

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Read the Camarilla trading blog<\/a><\/p>\n

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

Article by Admiral Markets<\/b><\/p>\n

Source: WTI is Topping Out<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The WTI is still bullish, but we could see a possible correction taking place. The WTI topped out at 64.67 W H1 and the break of an X-Cross \u2122 (a trendline and camarilla pivot cross) at 63.40 could target 62.82 and 61.51 and 60.74 as a part of a more substantial correction. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-119731","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=119731"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119731\/revisions"}],"predecessor-version":[{"id":119737,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119731\/revisions\/119737"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}