Turnmarks

WTI forecast review, 2 to 8 November 2026

The last forecast of the week

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-06

Issued 2026-11-06 10:00 UTC, downward, from a zone between 91.47 and 92.37. The next level is 89.21.

It had not resolved as of 2026-11-09 05:00 UTC: price had not reached its level.

Readings on this market have taken a median of 28 hours to reach the level they named, over the 56 that have.

Session by session

6 November the day: 91.12 to 90.32 (-80.0 cents), range 343.0

At the close 90.86 to 90.56 (-30.0 cents), range 180.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-06

Released during this session:

US Non Farm Payrolls printed at 165K at 13:30 UTC against a 65K forecast, while the US Unemployment Rate landed at 4.1% against an expected 4.2%. Preliminary Michigan Consumer Sentiment came in at 51 at 15:00 UTC, above the forecast of 48. Earlier in the day, EU Retail Sales MoM was published at -0.7% against a forecast of -0.1%.

A downward forecast issued at 10:00 UTC targeting 89.21 from a zone of 91.47 to 92.37 had not resolved by the end of the session, sitting 135.0 cents from its target at 21:00 UTC.

Before the American session 91.72 to 90.87 (-85.0 cents), range 292.0

Released during this session:

Major US economic data is scheduled ahead of the American session. Non Farm Payrolls (forecast 65K) and the Unemployment Rate (forecast 4.2%) are due at 13:30 UTC, followed by preliminary Michigan Consumer Sentiment (forecast 48.2) at 15:00 UTC.

Earlier in the window, EU Retail Sales MoM arrived at -0.7% against a forecast of -0.1%. Fed Williams spoke at 09:30 UTC.

A downward forecast on a bounce leg was issued at 10:00 UTC targeting 89.21, with a zone between 91.47 and 92.37. At 12:00 UTC, it was still standing, with the close 166.0 cents away from the target.

Due in the next session:

Before the European session 90.68 to 91.72 (+104.0 cents), range 205.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-06

Released during this session:

A downward forecast issued on 4 November was still standing at the close of the session. The call targets 98.05 from a zone between 100.02 and 100.86 on a bounce leg, with the quote finishing 633.0 cents short of the target level.

During the window, Fed Logan spoke at 00:00 UTC. Ahead in the European session, Fed Williams is scheduled to speak at 09:30 UTC, followed by EU Retail Sales figures at 10:00 UTC with a forecast of -0.1%.

Due in the next session:

5 November the day: 88.02 to 91.16 (+314.0 cents), range 459.0

At the close 89.48 to 90.69 (+121.0 cents), range 197.0

Released during this session:

A downward forecast issued on 4 November, calling for a bounce into the 100.02 to 100.86 zone toward a target band at 98.05, had not resolved by the close and was still standing.

Earlier in the session, US economic releases at 13:30 UTC included preliminary unit labour costs at -0.7% against a 0.6% forecast, preliminary nonfarm productivity at 3.6% against a 2.8% forecast, and initial jobless claims at 189K against an expected 196K.

Due in the next session:

Before the American session 87.29 to 89.48 (+219.0 cents), range 263.0

Released during this session:

At 12:00 UTC, a downward forecast issued on 4 November was still standing on a bounce leg toward a target of 98.05. At the close of the window, the price sat 857.0 cents from the target.

Ahead of the American session, US Initial Jobless Claims and preliminary Nonfarm Productivity figures are scheduled for release at 13:30 UTC.

Due in the next session:

Before the European session 88.68 to 87.31 (-137.0 cents), range 208.0

The session spanned 2.05 ATRs with a 208.0 cent range, moving from the open at 88.68 to close at 87.31.

At the 06:00 UTC close, a downward forecast issued on 4 November at 11:00 UTC was still standing. Expecting a bounce leg into a zone between 100.02 and 100.86 towards a target of 98.05, price sat 1074.0 cents from that target at the end of the window. Ahead in the European session, the EU S&P Global Construction PMI is scheduled for release at 08:30 UTC.

Due in the next session:

4 November the day: 96.71 to 88.01 (-870.0 cents), range 1000.0

At the close 95.22 to 88.68 (-654.0 cents), range 824.0

Released during this session:

An earlier downward forecast issued on 3 November reached its target of 94.55 at 10:00 UTC on a bounce leg.

During the session, the US ISM Services PMI came in at 54.5 against a forecast of 54.8. US EIA crude oil stocks showed a drawdown of 0.865M barrels against expected builds of 1.75M, while ADP employment change printed at 86K against a 69K forecast. Earlier in the morning, Eurozone flash YoY inflation landed at 4%, matching expectations.

At the close, a downward forecast issued at 11:00 UTC on a bounce leg targeting 98.05 had not resolved, with the quote sitting 937.0 cents from the target.

Before the American session 96.17 to 95.21 (-96.0 cents), range 225.0

Resolved here: the forecast issued 3 November at 14:00 reached its invalidation level, 94.55, at 10:00 UTC.

Released during this session:

A downward forecast issued on 3 November reached its 94.55 target on a bounce leg at 10:00 UTC.

During the session, the EU Inflation Rate YoY Flash landed at 4% at 10:00 UTC, matching the forecast. Ahead in the US session, the major scheduled release is the US ISM Services PMI at 15:00 UTC, with a forecast of 54.8.

At 12:00 UTC, a downward forecast issued at 11:00 UTC was standing, with the close sitting 284.0 cents from its 98.05 target band.

Due in the next session:

Before the European session 96.52 to 96.16 (-36.0 cents), range 221.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-04

Released during this session:

Major European inflation figures are scheduled ahead at 10:00 UTC, with the Flash YoY Inflation Rate expected at 3.9%. During the overnight window, the US API Crude Oil Stock Change printed at -5.267M against a forecasted 1.75M.

The downward forecast issued at 14:00 UTC on 3 November targeting 94.55 on a bounce leg remained active, with price finishing 161.0 cents from the target at the close.

Due in the next session:

3 November the day: 96.28 to 96.73 (+45.0 cents), range 524.0

At the close 98.55 to 96.52 (-203.0 cents), range 524.0

Resolved here: the forecast issued 2 November at 17:00 reached its invalidation level, 96.44, at 13:00 UTC.

Resolved here: the forecast issued 2 November at 18:00 reached its invalidation level, 95.99, at 13:00 UTC.

Resolved here: the forecast issued 2 November at 21:00 reached its invalidation level, 95.84, at 13:00 UTC.

Released during this session:

Three downward bounce forecasts issued on 2 November all resolved at 13:00 UTC when price reached their target levels.

A new downward bounce forecast was issued at 14:00 UTC with a target of 94.55. At the close, it was still standing, with price sitting 197.0 cents from the target band.

In US economic data, JOLTs Job Openings came in at 7.523M against a forecast of 7.1M, while Factory Orders MoM reported at 1.8%. Ahead of the next session, the API Crude Oil Stock Change reading is scheduled for 21:30 UTC with an expected 1.75M.

Due in the next session:

Before the American session 97.42 to 98.55 (+113.0 cents), range 155.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-03

US JOLTs Job Openings lead the economic calendar ahead, scheduled for release at 15:00 UTC with a forecast of 7.1M.

At 12:00 UTC, a downward forecast issued at 21:00 UTC on 2026-11-02 was still standing. Tracking a bounce leg, price traded within the 97.93 to 98.77 zone during the window, leaving the close 271 cents away from the 95.84 target.

Due in the next session:

Before the European session 95.83 to 97.42 (+159.0 cents), range 174.0

Released during this session:

US Midterm Elections took place during the session, with no economic reading published for the calendar entry.

A downward bounce forecast issued at the start of the window at 21:00 UTC on 2 November had not resolved by 06:00 UTC. It projects a move towards 95.84 from a zone spanning 97.93 to 98.77, leaving price 158.0 cents from the target at the close of the period.

2 November the day: 102.39 to 96.25 (-614.0 cents), range 758.0

At the close 99.67 to 95.84 (-383.0 cents), range 481.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-02

Released during this session:

US ISM Manufacturing PMI printed at 55.5 against a forecast of 54.6 at 15:00 UTC, alongside ISM Manufacturing Employment at 52.4. Fed Goolsbee spoke at 16:15 UTC, for which no reading is available.

Earlier at 02:00 UTC, four upward calls ended: one dropped and three were withdrawn. A downward forecast was issued at 18:00 UTC for a bounce from the 98.02–98.84 zone towards 95.99. At the close, price sat 15.0 cents from the target.

US Midterm Elections are scheduled for 00:00 UTC.

Due in the next session:

Before the American session 100.50 to 99.67 (-83.0 cents), range 192.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-02

A major release lies ahead in the American session, with US ISM Manufacturing PMI scheduled for 15:00 UTC at a forecast of 54.6. US ISM Manufacturing Employment is also set for 15:00 UTC, followed by a speech from Fed Goolsbee at 16:15 UTC.

During the window, a downward forecast was issued at 11:00 UTC on a bounce leg, setting a target at 99.61 against a zone between 101.41 and 102.13. At the close of the session, the price sat 6.0 cents from the target.

Due in the next session:

Before the European session 102.39 to 100.50 (-189.0 cents), range 253.0

WTI crude oil (WTI) hourly bars with the forecast drawn forward from 2026-11-02

Four upward bounce forecasts ended during the session. The call issued on 23 October dropped, while three subsequent bounce forecasts issued between 30 October and 2 November were withdrawn.

A downward bounce forecast was issued at 04:00 UTC with a target at 100.67. At the close of the window, price stood 17.0 cents from the target band.

How the week ended

How the week ended

Forecasts that ended this week8
Reached the level they named4
Ended without reaching it4
Issued this week15
Still standing on Sunday10
Week open to close102.39 to 90.32 (-1207.0 cents)
Week range86.63 to 102.72 (1609.0 cents)

The week

During the week of 2 to 8 November 2026, 8 forecasts for WTI completed. Of those, 4 reached their target band and 4 ended another way. The system issued 15 forecasts over the course of the week, 10 of which remained open on Sunday.

WTI opened at 102.39 and closed at 90.32, reflecting a change of -1207.0 cents. Price moved between a high of 102.72 and a low of 86.63, establishing a range of 1609.0 cents.

A forecast issued on 6 November projected a down trend, setting the lower edge of the zone at 91.47 and the upper edge at 92.37 with a target of 89.21. At the end of the week, this forecast remained live.

Every forecast that ended this week

IssuedDirectionCorridorContinuationInvalidationReachedEnded
2026-11-03 14:00down96.95 - 97.9194.55bounce2026-11-04 10:00
2026-11-02 17:00down98.46 - 99.2696.44bounce2026-11-03 13:00
2026-11-02 18:00down98.02 - 98.8495.99bounce2026-11-03 13:00
2026-11-02 21:00down97.93 - 98.7795.84bounce2026-11-03 13:00
2026-10-23 02:00up95.97 - 96.7098.54bounce2026-11-02 02:00
2026-10-30 02:00up100.29 - 101.03102.85bounce2026-11-02 02:00
2026-10-30 22:00up101.01 - 102.15104.05bounce2026-11-02 02:00
2026-11-02 00:00up100.37 - 102.15104.04bounce2026-11-02 02:00

On the calendar this week

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