Fibonacci Calculator WTI/USD
Calculate Fibonacci levels for WTI/USD
Inputs
Calculate price range
1.005 - 0.995
= 0.010
Calculate 38.2% level
1.005 - (0.010 × 0.382)
= 1.001
Calculate 61.8% level
1.005 - (0.010 × 0.618)
= 0.999
For WTI/USD Fibonacci levels: WTI/USD uses 2-decimal pricing (0.01 per pip) since USD is valued in hundreds per unit. Contract size: 100 units. Typical spreads: 4.0-6.0 pips.
Frequently Asked Questions
How do I use Fibonacci levels for WTI/USD trading?
For WTI/USD, identify a significant swing high and low, then apply Fibonacci retracements. Key levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6% of the move.
Which Fibonacci level works best for WTI/USD entries?
The 38.2% and 61.8% levels often provide strong support/resistance for WTI/USD. As a commodity pair, WTI/USD may respect different levels based on trend strength.
How do I calculate Fibonacci extensions for WTI/USD targets?
Use Fibonacci extensions (127.2%, 161.8%, 261.8%) on WTI/USD to project profit targets beyond the initial swing. Enter the swing points to calculate extension levels.