Weekly Data Summary Suggests:
Current Weekly 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 17.84 - 23.17
Price Consolidation has formed between: 20.08 - 41.51
If WTI is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 17.10
Out of the combined (weekly & daily) indicators monitored, 75.00% are bearish, 8.33% are bullish and 16.67% are neutral
The prices have moved 3.87 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 weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks 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 Short positions.
The market is transitioning toward a Bearish sentiment.
The anticipated upcoming trade range is between 20.56 - 25.09
Price Consolidation has formed between: 20.80 - 29.11
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 19.64
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
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:
STD DEV for the coming week: 9.95 - 36.39
STD DEV for Monday 13 April 2020: 19.89 - 26.45
Happy Easter every one! Hope you had a good holiday weekend.
Stay safe, trade safe!
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Weekly 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 17.84 - 23.17
Price Consolidation has formed between: 20.08 - 41.51
If WTI is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 17.10
Out of the combined (weekly & daily) indicators monitored, 75.00% are bearish, 8.33% are bullish and 16.67% are neutral
The prices have moved 3.87 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 weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks 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 Short positions.
The market is transitioning toward a Bearish sentiment.
The anticipated upcoming trade range is between 20.56 - 25.09
Price Consolidation has formed between: 20.80 - 29.11
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 19.64
The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
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:
STD DEV for the coming week: 9.95 - 36.39
STD DEV for Monday 13 April 2020: 19.89 - 26.45
Happy Easter every one! Hope you had a good holiday weekend.
Stay safe, trade safe!
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **