*** Comments prior to evaluation summary ***
Oil has broken the above the SAR and triggered a price projection of 37.02.
Trade carefully - still in BEAR territory.
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.
Weekly: The relationship to the primary trend MA is bearish . The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 6.89 points/ticks/pips. Prices are currently 1.38x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 17.47 and 33.29.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9.02 to 43.19 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 21.84 to 30.36 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 29.88 before moving toward 37.02
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 27.27% are bullish , 45.45% are bearish , 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: bearish - No entries at this time. .
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
Oil has broken the above the SAR and triggered a price projection of 37.02.
Trade carefully - still in BEAR territory.
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.
Weekly: The relationship to the primary trend MA is bearish . The price in relationship to the other averages suggest hold current position but prepare to close, ensure stops are placed.
Price Action:
Weekly: The average price range currently is 6.89 points/ticks/pips. Prices are currently 1.38x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 17.47 and 33.29.
While in consolidation the trade range may decrease to 3.708 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 9.02 to 43.19 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages
Weekly: Trend strength suggests a trade range of 21.84 to 30.36 for the following week.
Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 29.88 before moving toward 37.02
If strength and attitude continue, it could take between 1 - 2 trade periods (weeks) for the first projection and 1 - 2 to reach the second projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 27.27% are bullish , 45.45% are bearish , 27.27% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: bearish - No entries at this time. .
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bearish - Close/Cover directional trades, profit taking/trend switch in process.
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.