This is our WEEKLY chart of West Texas Crude. As you can see we have had six winning signals and one loser over the past six months. We got on the trend early and every price prediction Inteligex has made has been hit within four weeks. The loser is actually a trade that only advanced users should take, but we don't deny it is a small loser if you took it.
As you can see the profits blow away any losses and from what we are seeing now we could so all the way to $84 - $86. Why that level? Well look at the purple line (we call this the "blended super major"). There are two of these lines: a support super major below the index (which you can't see on this image) and a resistance super major above the index (which you can see at the top of the image).
This line of dynamic resistance is a "trend killer". Look at how flat it is. The flatter it is - the stronger the action will be and it wants to reject movement
When the oil price hits it we often see fireworks. Will we get there? Right now we don't know beyond our next target of $76.91 and thereafter $78.65.
Oil can be a wild ride. But Inteligex can often tame that ride with very profitable predictions and Trend Signals.
This predictive capability is driven by the core Inteligex algo which uses Artificial Intelligence and Machine Learning. It works on any market over any timeframe and is perfect for trading commodities, futures, forex, stocks and options.