Baytex Energy Corp T.BTE

WTI Might fall under the 200DMA

[Snowballer]

Test $74 WTI we shall see

[Snowballer]

Yikes. 

[Snowballer]

WTI: Does anyone else see a massive head n' shoulders on the daily chart with what appears to be a broken neckline? Maybe it reverses but if it plays out the mid to low 70's looks like the destination. Could take some time to get there tho. 

[dllscwbysfn]

You show no conviction. In one day you posted that wti would crash after earlier recomending a buy. Now this post is what? Maybe it reverses but......meaning it might go up or down and then to cover your butt even more the last line says it might take some time.....does this mean a day, week, month,year......  Clear as mud 

[Snowballer]

$70's WTI see if it hits the mark or lower

[Snowballer]

WTI now under the 200DMA and about $2 from the $74 call. I have to say this was a pretty good turn out of my technical read on it. The ankle bitters here with their rude comments tend to go all quiet when they sad lol

[Snowballer]

I suspect it gets a bounce soon tho but to borrow a word from one of the clowns here I'm not sure with what degree of "conviction" the oil price will recover in the near term loll Maybe it does maybe it doesn't nobody knows haha 

[Cobalt]

Chart the USD had a fake break down that can lead to a large move up sending oil down. Too much debt being sold tomorrow how the market buys it will be key.

[Snowballer]

Solid insight, definitely applicable. 

[Snowballer]

My guess is the dollar will make its way down along with bond yields as markets bet on pause n' cuts going forward. Could give WTI a support level soon (perhaps even the $74 mark lol) but we won't know until we know haha