Weekly outlook, Week of 19th–23rd October 2026
WTI: above $96.2, target $102.4
WTI +8% on the week, closing at $100.2 near the high and above all the value built since the September sell-off. Monday's dip held the $97.3 breakout level. Long above last week's $96.2 VaH: buy dips into value, target the $102.4 naked PoC.
Full noteLevels from the latest daily note,
- Crude oil
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WTI crude USOUSD
Bullish above $100.4
VaH$96.2Low$96.9dVaL$98.9dPoC$100.4dVaH$102.1nPoC$102.4$100.7
Buy zone Sell zone Price at 11:57 BST. dVaL, dPoC, dVaH: Tuesday's daily value. VaH: last week's 5-day composite VaH. Low: Tuesday's flush low. nPoC: naked PoC, week of 14th September.
Trade ideas
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WTI long if price gets back inside Wednesday's value
Long back inside valueWTI is just under Wednesday's value. Back above the $94.9 dVaL: buy the retest, stop under Monday's $94.3 PoC, targets the $95.9 dVaH and the $97.3 composite VaH.
Daily notes
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WTI: back above $100.4 into EIA
Bullish above $100.4Tuesday stalled just under the $102.4 naked PoC, then flushed to $96.9 overnight and got bought straight back. WTI is back above the $100.4 dPoC with EIA at 15:30 BST.
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WTI: $102.4 in sight
Bullish above $100.5Long above $96.2 from Sunday, target the $102.4 naked PoC. WTI has taken out last week's $100.5 high and Monday's $100.7 high and is a dollar off the target. Today's trade: buy the retest of $100.5–100.7.
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WTI: $96.3 decides it
Pivot $96.3: bullish above, bearish below8.6M bbl EIA draw, breakout to $97.9, tight overnight range above Thursday's value. Now through the $96.8 LVN and testing the $96.3 dVaH. Accepted above: $97.3 composite VaH. Accepted below: back in Thursday's value, $94.1 PoC underneath.
Weekly outlooks
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WTI: above $96.2, target $102.4
Bullish above $96.2WTI +8% on the week, closing at $100.2 near the high and above all the value built since the September sell-off. Monday's dip held the $97.3 breakout level. Long above last week's $96.2 VaH: buy dips into value, target the $102.4 naked PoC.