FxWirePro Call Review: WTI target extended from $72 per barrel to $75 per barrel

In 2016, in an article named, “FxWirePro: WTI is likely to extend rally by another 10 percent”, available at http://www.econotimes.com/, we urged our reader to go long in WTI at the then current price of $48.2 per barrel, targeting $53.5 area.

However, as both the price actions as well as the positioning in the futures market (visible in COT report) strongly suggested that the WTI might extend the gains, in a subsequent article, named, “FxWirePro medium term outlook: WTI target extended to $68 per barrel” available at https://www.vinsonfinancials.com/en/financial-news/1153472-fxwirepro-medium-term-outlook-wti-target-extended-to-68-per-barrel  we suggested to readers,

“Buy WTI at the current price of $50.4 per barrel and at dips with targets around $51.5, $53.5, $68 and finally $72 per barrel. The first target, which from the previous article mentioned above, has already been reached.”

After more than a year, WTI is almost close to our final target as it trades at $66.6 per barrel. In this article, we would like to extend the final target further from $72 per barrel to $75 per barrel. However, we would like to urge our readers to book 25 percent of the original positions at $68 and at $72 per barrel each.