Light Crude Oil Update: Five Bearish Signs

NYMEX:CL1!   Light Crude Oil Futures
70 0 5
Update Of Chart Published Two Hours Ago: The Lady Or The Tiger?
There are five signs the price movement will go lower:

1. RSI/ Stochastic (top indicator) has rolled over and is heading lower;
2. MACD 5/34 (middle indicator) has rolled over and is heading lower, bearish cross, and histogram of same is below zero line;
3. Phase energy (lower indicator) has three successive red bars heading lower;
4. Price is trading below the Ichimoku Cloud thick red conversion (usually a sell signal);
5. Lower indicator under chart is CHOP ZONE and this has turned negative.

In my opinion, a sell Fractal will most likely follow. Don.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
AR العربية
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