priceprophet

WTI evaluation of 11 June 2020

TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Daily: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest close current positions.

Price Action:
Daily: The average price range currently is 2.3 points/ticks/pips. Prices are currently .89x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a consolidation of strength/indecision in the market regarding direction.
Prices currently are trending and not in consolidation.

Standard Deviation
Daily: Standard deviation suggests a range from 32.91 to 39.31 for the follow on trading day.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Daily: Trend strength suggests a trade range of 34.69 to 37.53 for the following day.

Price Projection:
The price action has generated a projection signal for the underlying.
Daily: Price currently displays (if strength and attitude continue) a desire to move toward 33.89
If strength and attitude continue, it could take between 1 to 2 trade periods (days) to reach the projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Daily: Out of the cumulative indicators monitored, 50.00% are bullish, 20.00% are bearish, 30.00% are neutral

The CCI indicator trading strategy suggest the following:
Daily: Strongly bullish - longs closed.

Confirmation Signal
6 indicators combined to confirm entry/exit.
Daily Bullish - Close/Cover directional trades, profit taking/trend switch in process.

Moving Average Strategy
Strategy composed of 3 moving averages and prices interaction with the averages.
Daily: Trend strength is weakening. Cover your current trades but do not trade opposite the trend yet. Wait for confirmation of trend switch.


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