WTI End Of Week Evaluation
*** Comments prior to evaluation summary ***
Oil has broken the above the SAR and triggered a price projection of 37.02.
Trade carefully - still in BEAR territory.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish . The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 6.89 points/ticks/pips. Prices are currently 1.38x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 17.47 and 33.29.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9.02 to 43.19 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 21.84 to 30.36 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 29.88 before moving toward 37.02
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 27.27% are bullish , 45.45% are bearish , 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: bearish - No entries at this time. .
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
Oil has broken the above the SAR and triggered a price projection of 37.02.
Trade carefully - still in BEAR territory.
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bearish . The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 6.89 points/ticks/pips. Prices are currently 1.38x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 17.47 and 33.29.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9.02 to 43.19 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 21.84 to 30.36 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 29.88 before moving toward 37.02
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 27.27% are bullish , 45.45% are bearish , 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: bearish - No entries at this time. .
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
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