WTI update for week ending 11 October 2019

82
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 51.54 - 57.16
Price Consolidation has formed between: 50.55 - 63.55
Out of the combined (weekly & daily) indicators monitored, 75.00% are bearish, 25.00% are bullish and 0.00% are neutral


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 weekly reading of: Neutral Bear
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.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 53.35 - 56.21
Prices have broken through the consolidation high

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: Neutral Bear
The strength demonstrated over the last 5 days is currently: Bullish



** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **

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