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Is WTI about to break lower?

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ticker lesson

Breakdown

0:00lesson

Oil volatility and investor sentiment

  • Oil price volatility due to global events
  • Investors wary of market entry
  • Opportunity for traders
  • Focus on producers and service companies
1:43XLE· ticker

XLE ETF — long-term hold

  • XLE ETF as core holding
  • Buy during Rick's recommendation
  • Held since June
  • Waiting for Middle East resolution
1:44Baker Hughes· ticker

Baker Hughes — infrastructure rebuild

  • Baker Hughes as rebuild beneficiary
  • Schlumberger and Halliburton also benefit
  • Infrastructure rebuild drives demand
1:45WTI· ticker

WTI — downtrend and pattern break

  • WTI in downtrend since June
  • Parallel channel break at start of September
  • New parallel channel formed in July
  • Oscillation amplitude decreasing
  • Likely breakdown to downside
1:46WTI· ticker

WTI — flag pattern and breakdown

  • WTI hitting same support line repeatedly
  • Flag or pennant pattern forming
  • Pattern likely to break to downside

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