Week ending 25 Sep 20 swift evaluation of WTI
A swift evaluation is conducted based on a single day without look back.
WTI is currently in a bull trend.
Prices are trading in a range of approximately 3.89 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 37.69 - 42.49.
Prices are consolidating between 36.85 - 43.54.
If strength and trend continue, WTI is trying to reach 41.41.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 34.26
The trend moving average: 37.9
------Additional Comments:
Standard Deviation for following week: 35.27 - 44.91
Forecasted Range for following week: 36.00 - 42.04 (Targeted Mean = 39.02)
WTI is currently in a bull trend.
Prices are trading in a range of approximately 3.89 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 37.69 - 42.49.
Prices are consolidating between 36.85 - 43.54.
If strength and trend continue, WTI is trying to reach 41.41.
It could take between 1 to 2 trade periods to reach the projection.
Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 34.26
The trend moving average: 37.9
------Additional Comments:
Standard Deviation for following week: 35.27 - 44.91
Forecasted Range for following week: 36.00 - 42.04 (Targeted Mean = 39.02)