priceprophet

WTI evaluation of 23 April 2020

TVC:USOIL   CFDs on WTI Crude Oil
*** Comments prior to evaluation summary ***
Trying out a new layout

Price Action:
The average daily price range currently is 4.52. Prices are currently .91x the normal trading range. Prices are either stalled or they have transitioned the averages and begun changing directions.

Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Daily: The relationship to the primary trend MA is bearish. The price in relationship to the other averages suggest prices are caught in consolidation/transitioning to new direction. Ensure your stops are placed.

Standard Deviation
Daily: Standard deviation suggests a range from 12.54 to 21.65.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 14.30 to 19.88 for the following day.

Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays a strength and desire to move toward 18.90

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 36.36% are bullish, 45.45% are bearish, 27.27% are neutral

The CCI indicator trading strategy suggest the following:
Daily: Bearish - cover shorts.

Daily Indicators used to confirm an entry/exit signal: Bearish - Close/Cover directional trades, profit taking/trend switch in process.

Disclaimer

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