Weekly Data Summary Suggests:
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 12.99 - 20.47
Price Consolidation has formed between: 0 - 21.34
If WTI is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 3.91 - 4.12
Out of the combined (weekly & daily) indicators monitored, 66.67% are bearish, 25.00% are bullish and 8.33% are neutral
The prices have moved 3.41 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest closing shorts and protecting profit.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 14.23 - 20.39
Price Consolidation has formed between: 0 - 21.34
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of up to 18.18 before a decline toward 8.19
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
STD DEV:
Weekly: 4.09 - 32.79
Monday: 12.73 - 21.19
The collapse last week has skewed some data points - it will take roughly 21 days (on the daily charts), 14 weeks (weekly chart), 18 months (monthly chart) for this data to be parsed out the indicators. Nothing much we can do about this - just hoping we don't repeat this problem mid May.
Working on a new template - I may post the new template during the week.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 12.99 - 20.47
Price Consolidation has formed between: 0 - 21.34
If WTI is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 3.91 - 4.12
Out of the combined (weekly & daily) indicators monitored, 66.67% are bearish, 25.00% are bullish and 8.33% are neutral
The prices have moved 3.41 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish
Daily Data Summary Suggests:
Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest closing shorts and protecting profit.
Indicators are mixed in directional attitude. This indicates a strong consolidation/decision area. Trade with caution while waiting for a trend direction decision to be made.
The anticipated upcoming trade range is between 14.23 - 20.39
Price Consolidation has formed between: 0 - 21.34
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of up to 18.18 before a decline toward 8.19
Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Neutral Bear
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bullish
Comments:
STD DEV:
Weekly: 4.09 - 32.79
Monday: 12.73 - 21.19
The collapse last week has skewed some data points - it will take roughly 21 days (on the daily charts), 14 weeks (weekly chart), 18 months (monthly chart) for this data to be parsed out the indicators. Nothing much we can do about this - just hoping we don't repeat this problem mid May.
Working on a new template - I may post the new template during the week.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.