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Kumowizard
May 26, 2015 3:32 PM

WTI - Warning signals (update) - more problem with price action Short

Crude Oil (WTI)FXCM

Description

You can find my original analysis about a possible bearish WTI price action via the link below.

Weekly:
- Possible Heikin Ashi bearish reversal signal is developing close to bearish trendline and Kijun Sen. This week will be decisive! If candle goes red, that will send haDelta/SMA3 below zero line again.
- Watch haDelta/SMA3 quantification signal! It is moving lower. A break below zero line would be further bearish confirmation

Daily:
- Ichimoku setup slowly started to turn neutral from clear bullish: Chikou Span losing open space (will soon hit past candles), starting Kumo overshade ahead, Price breaking below Kijun Sen, Tenkan/Kijun closing in and may end in a weak bearish cross.
- Heikin Ashi candle turns red at Kijun Sen, haDelta further down and below zero line, HA Oscillator turns bearish.

Stronger USD is making its round, keeping not just WTI under pressure, but most of all other commodities too.
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