Daily for 4 September 2019 In Bull territory. Price Projection: 57.36 - 59.06 HMA: Neutral Bull Bull RSI: Neutral Bear RSI: Neutral BSI: Bullish 5 RSI: Positive Consolidation: In Consolidation between 52.87 - 56.7 Price-Trend: .38x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not...
Daily for 3 September 2019 In Bear territory. Price Projection: 51.43 - 49.76 HMA: Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: Broken to the low Price-Trend: .71x ATR Directionally challenged due to world economic events. The market has been flat since ~August 1 and trading in a 4 point range. Use weekly consolidation...
Daily for 2 September 2019 In Bear territory. Price Projection: 49.76 - 53.35 HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Neutral BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 54.37 - 56.70 Price-Trend: .31x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not...
Week update for week ending 30 August 2019 In Bear territory. Projected range for upcoming week 57,04 - 52.50 Price Projection: HMA: Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.89 Price-Trend: .45x ATR Daily for 30 August 2019 In Bear territory. Price Projection: HMA: Neutral...
Daily for 27 August 2019 In Bull territory. Price Projection: 57.35 HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Neutral BSI: Neutral Bear 5 RSI: Positive Consolidation: Broken to the high Price-Trend: .21x ATR ** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Oil is likely to face resistance around 55.13, the double top and EMA crossover level. While, the immediate support can be seen around 53.11, the symmetric triangle's bullish trendline level. Below this, we may see oil prices falling further until 52.
The second leg of a move up to retest the former top of $60.90 could be underway. Watch breakout
Daily for 26 August 2019 In Bear territory. Price Projection: HMA: Neutral Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 53 - 55.59 Price-Trend: .71x ATR
Week update for week ending 23 August 2019 In Bear territory. Projected range for upcoming week 55.87 - 49.81 Price Projection: HMA: Strong Bear Bull RSI: Neutral Bear RSI: Bearish BSI: Bearish 5 RSI: Negative Consolidation: In Consolidation between 50.55 - 60.91 Price-Trend: .79x ATR Daily for 23 August 2019 In Bear territory. Price Projection: 51.89 -...
Daily Data for Wednesday 14 August 2019 In Bear Territory Price Projection: HMA: Cover/ Bear BSI: Bullish Bull RSI: Neutral Bear RSI: Neutral 5 RSI: Negative Consolidation:57.43 - 53.98 Price- Trend: .33x ATR Entered into a consolidation range Still bullish upside targets. 55.75 - 59
Daily Data for Wednesday 13 August 2019 In Bull Territory Price Projection: 58.88 - 59.31 HMA: Neutral Bull (The HMAs are inverted to price placement causing neutrality to exist) BSI: Bullish Bull RSI: Neutral Bear RSI: Neutral 5 RSI: Positive Consolidation: Broken to the high Price- Trend: .59x ATR
Daily Data for Wednesday 12 August 2019 In Bear Territory Price Projection: 55.67 HMA: Bear BSI: Bearish Bull RSI: Neutral Bear RSI: Bear 5 RSI: Positive Consolidation:55.16 - 52.40 Price- Trend: 1.88x ATR The neutrality of the Bull RSI is impacting prices. The 5 RSI has returned slightly into positive territory with the BSI triggering an weak upward price projection.
Daily Data for Monday 5 August 2019 In Bear Territory Price Projection: 51.78 (re-adjusted) HMA: Very Strong Bear BSI: Bearish Bull RSI: Neutral Bear RSI: Bear 5 RSI: Negative Consolidation: 53.62 - 57.97
Returned to Bearish territory after a 2 day attempt to rally. Price Projection: 51.34 HMA: Very Strong Bear Bull RSI: Neutral Bear RSI: Entered Bear Zone BSI: Below zero line Consolidation: Broken to the low
Price targets of 55.11 and 55.09 a reached and now off the list. New projection indicated by the Bear RSI is 52.33 Projected Range for 19 July 19: 53.30 - 56.48
Bearish consolidation has dominated the last few weeks. The daily levels are 56.07-59.41 The weekly levels are 50.63-60.26 Expecting trade range for the coming week to be between: 54.14 - 59.51 with continued consolidation.
Friday the price chart generated an engulfing bearish bar. Monday the prices closed between Fridays prices suggesting either consolidation/turning. Tuesday it broke through the floor of Fridays price, crossed the 21 MA and 55 MA and closed under the 34 HMA in "cover the long" territory. Also, with the prices below the two trend lines - it suggests that the...