Monthly Data Summary Suggests:
Current Monthly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 13.47 - 25.13
No Consolidation Exists at this time
If WTI is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 9.54
The prices have moved 3.53 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current monthly reading of: Bearish
The RSI that monitors bearish strength has a current monthly reading of: Bearish
The strength demonstrated over the last 5 months is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest closing shorts and protecting profit.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 16.13 - 20.20
Price Consolidation has formed between: 19.29 - 28.46
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 18.96
The prices have moved 2.37 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Oil can see a continued (but slightly slowed) drop into the teens during the month of April.
STD DEV for April is: 11.74 - 28.46
STD DEV for 1 April is: 11.31 - 28.19 (reflecting all the volatility we have witnessed in the last 21 days).
Be cautious - both in trades and your own health.
-Price Prophet
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Monthly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 13.47 - 25.13
No Consolidation Exists at this time
If WTI is capable of maintaining the current strength as of today, the projection generated from the monthly chart is a target price of 9.54
The prices have moved 3.53 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current monthly reading of: Bearish
The RSI that monitors bearish strength has a current monthly reading of: Bearish
The strength demonstrated over the last 5 months is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest closing shorts and protecting profit.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 16.13 - 20.20
Price Consolidation has formed between: 19.29 - 28.46
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 18.96
The prices have moved 2.37 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish
Comments:
Oil can see a continued (but slightly slowed) drop into the teens during the month of April.
STD DEV for April is: 11.74 - 28.46
STD DEV for 1 April is: 11.31 - 28.19 (reflecting all the volatility we have witnessed in the last 21 days).
Be cautious - both in trades and your own health.
-Price Prophet
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **