WTI End Of Week Evaluation
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 bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 3.53 points/ticks/pips. Prices are currently 2.04x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 47.2 and 53.9.
While in consolidation the trade range may decrease to 1.854 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 47.15 to 56.97 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 50.30 to 54.24 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 toward 61.79
If strength and attitude continue, it could take between 5 to 10 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
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 bullish. The price in relationship to the other averages suggest long positions
Price Action:
Weekly: The average price range currently is 3.53 points/ticks/pips. Prices are currently 2.04x the normal trading range. Prices can encounter consolidation and begin transitioning counter trend.
Prices are currently caught in consolidation between 47.2 and 53.9.
While in consolidation the trade range may decrease to 1.854 points/ticks/pips.
Standard Deviation
Weekly: Standard deviation suggests a range from 47.15 to 56.97 for the following week.
Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 50.30 to 54.24 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 toward 61.79
If strength and attitude continue, it could take between 5 to 10 trade periods (weeks) to reach the projection.
Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral
The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.
Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades
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