Kumowizard

WTI - I have no clue this time. OPEC today

FX:USOIL   Crude Oil (WTI)
275 3 6
Do you wonder why I have no idea? Simply because the Market itself has no clue at all either! WTI is still range trading. Once it looks bullish-like for few days, then bias changes to bearish again. Even with Heikin Ashi filter it is full of noise.

Weekly:
- Ichimoku setup is still bearish to neutral. Chikou Span will hit past candles next week, but Price is above Tenkan and Kijun.
- Heikin Ashi candle shows third week of undecision, however haDelta/SMA is still above zero line and the HA Oscillator is still bullish biased.

Daily:
- Ichimoku setup is bullish to neutral. Chikou Span hits past candles on this time frame too. Price has been trading in a strange range. Still a thick Kumo below Price, with multiple supports below. It would not be easy to turn it to strategic bearish .
- Heikin Ashi signal is bearish , but as you see it is changing in every days on average.

Let's see how OPEC meeting and decisions will move it today!

today opec what time?
Reply
They have the meeting all day long. I don't know when will they have any press release
Reply
Will see)
Reply
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