WTI Support Breach

2022-06-19

WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115.

WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115.
Two trade set ups for oil outlined below. Long from 108/105 to test 115 and a short near 115. Energy is the last pillar of strength with exodus risk.
Gold short below bear wedge valid to 1,790/70 to turn long. Copper faces a break below 4.05 floor support (demand constraint). Yield and USD uptick pressure this week.

Full analysis here:- https://www.smartkarma.com/insights/wti-support-breach?utm_source=tiger_community

By Thomas Schroeder, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community

On Crude Oil (CL1 COM COMDTY):- https://www.smartkarma.com/entities/crude-oil?utm_source=tiger_community

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

bunnygal
2022-06-19
bunnygal
oil will likely go down with the drop in demand imo
KeeBoonTong
2022-06-19
KeeBoonTong
lalalala
Joedi
2022-06-19
Joedi
Thanks for sharing.
CYberviRus
2022-06-19
CYberviRus
Thank you
Bell Hector
2022-06-19
Bell Hector
nice
JonTheHero
2022-06-19
JonTheHero
ok

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Oil still looks crowded with shakeout risk if a recovery fails under 115.</li> \n <li>Two trade set ups for oil outlined below. Long from 108/105 to test 115 and a short near 115. Energy is the last pillar of strength with exodus risk.</li> \n <li>Gold short below bear wedge valid to 1,790/70 to turn long. Copper faces a break below 4.05 floor support (demand constraint). Yield and USD uptick pressure this week.</li> \n</ul> Full analysis here:- https://www.smartkarma.com/insights/wti-support-breach?utm_source=tiger_community By Thomas Schroeder, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On Crude Oil (CL1 COM COMDTY):- https://www.smartkarma.com/entities/crude-oil?utm_source=tiger_community</body></html>","htmlText":"<html><head></head><body>WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115. <ul> \n <li>WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115.</li> \n <li>Two trade set ups for oil outlined below. Long from 108/105 to test 115 and a short near 115. Energy is the last pillar of strength with exodus risk.</li> \n <li>Gold short below bear wedge valid to 1,790/70 to turn long. Copper faces a break below 4.05 floor support (demand constraint). Yield and USD uptick pressure this week.</li> \n</ul> Full analysis here:- https://www.smartkarma.com/insights/wti-support-breach?utm_source=tiger_community By Thomas Schroeder, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On Crude Oil (CL1 COM COMDTY):- https://www.smartkarma.com/entities/crude-oil?utm_source=tiger_community</body></html>","text":"WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115. WTI break below 116 wedge support. Fresh long support at 105/108. Oil still looks crowded with shakeout risk if a recovery fails under 115. Two trade set ups for oil outlined below. Long from 108/105 to test 115 and a short near 115. Energy is the last pillar of strength with exodus risk. Gold short below bear wedge valid to 1,790/70 to turn long. Copper faces a break below 4.05 floor support (demand constraint). Yield and USD uptick pressure this week. Full analysis here:- https://www.smartkarma.com/insights/wti-support-breach?utm_source=tiger_community By Thomas Schroeder, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/thomas-schroeder?utm_source=tiger_community On Crude Oil (CL1 COM COMDTY):- https://www.smartkarma.com/entities/crude-oil?utm_source=tiger_community","highlighted":2,"essential":1,"paper":2,"likeSize":84,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9040939667","repostId":0,"isVote":1,"tweetType":1,"viewCount":1727,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["WTI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":816,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102423991,"commentId":"102423991","gmtCreate":1655605290593,"gmtModify":1663252249841,"authorId":4095487021532720,"author":{"id":4095487021532720,"idStr":"4095487021532720","authorId":4095487021532720,"name":"bunnygal","avatar":"https://static.tigerbbs.com/4ead0d62faaad0703dd210261a86816a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9040939667,"objectIdStr":"9040939667","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"oil will likely go down with the drop in demand imo","text":"oil will likely go down with the drop in demand imo","html":"oil will likely go down with the drop in demand imo","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102423808,"commentId":"102423808","gmtCreate":1655605015398,"gmtModify":1663252246425,"authorId":3578717603960999,"author":{"id":3578717603960999,"idStr":"3578717603960999","authorId":3578717603960999,"name":"KeeBoonTong","avatar":"https://static.tigerbbs.com/815864515bc02d554ba00b04f5f46a1a","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.02.09","exceedPercentage":"60.05%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9040939667,"objectIdStr":"9040939667","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"lalalala","text":"lalalala","html":"lalalala","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":102423744,"commentId":"102423744","gmtCreate":1655604933184,"gmtModify":1663252246938,"authorId":3583106891381032,"author":{"id":3583106891381032,"idStr":"3583106891381032","authorId":3583106891381032,"name":"Joedi","avatar":"https://community-static.tradeup.com/news/0b711a34a8ea59f99891963cebb272ec","vip":1,"currentWearingBadge":{"badgeId":"82ffa69a97264fba9002044f4f5f535b-1","templateUuid":"82ffa69a97264fba9002044f4f5f535b","name":"Tiger Think Tank","description":"Tiger Think Tank","bigImgUrl":"https://community-static.tradeup.com/news/193f8255673f42bdc610097b2074ec3e","smallImgUrl":"https://community-static.tradeup.com/news/06af124f59f026a383d35b268362424f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":4001},"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9040939667,"objectIdStr":"9040939667","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing. 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