sideway movement for now. WTI albeit the strong rebound, it is difficult for it to move above 51 for now. conditions are not so favorable on weekly chart. trade with care as it is easiest to loose focus during sideways market and loose back hard earned profits during this time. Whilst I may be wrong; I think it would be prudent to follow the 4H charts and 1H charts and stick to the trend there. Anything above an hour is not for trading as the movement is too drastic. 30-50c daily is more than sufficient as a day trader.
all indicators can be converted into moving averages. There are many that claims that moving average are lagging indicators but it is also because of this lagging nature that you can predict the price with. I am sorry but I am unable to explain everything through typing. It will take forever to finish typing.