Light Crude Oil Futures Update: Mild Uptrend Continues

NYMEX:CL1!   Light Crude Oil Futures
72 1 6
Here is what I see.....
The positives:
1. Upward (mild) price action.
2. Green chop zone (below chart) indicates upward momentum.
3. Two buy fractals.
The negatives for you to beware of:
1. RSI/ Stochastic (top) over-bought.
2. 5/34 (top middle indicator) has declining histogram. this is a negative divergence.
3. Phase energy has two red bars, both lower.
4. The CHOP indicator is in the shaded area, indicating no strength in TREND.

Yesterday I received criticism for forecasting. I will not do this today.
What would I do?
1. Wait for a buy fractal confirmation for an up move.
2. Wait for a sell Fractal for a down move.
3. Depending on the Fractal signal - act on this and "MOVE WHEN THE MARKET MOVES".

Good luck to you. Don.
Fractal frackers fracking in the fields for frack juice (oil).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out