Daily Data Summary Suggests:
Current Daily 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 50.26 - 52.34
Prices have broken through the consolidation low
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 45.85
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: Bearish
Comments:
Expecting an adjustment bar/candle to the projection calculations today (25 Feb). So the price projection may become adjusted.
1 STD DEV for 25 Feb is: 50.15 - 52.46 (if we return to normal trading).
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
Current Daily 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 50.26 - 52.34
Prices have broken through the consolidation low
If WTI is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 45.85
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: Bearish
Comments:
Expecting an adjustment bar/candle to the projection calculations today (25 Feb). So the price projection may become adjusted.
1 STD DEV for 25 Feb is: 50.15 - 52.46 (if we return to normal trading).
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **