WTI Update for week ending 6 September 2019
Week update for week ending 6 September 2019
In Bear territory.
Projected range for upcoming week 59.48 - 53.71
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral Bear
Bear RSI: Neutral Bear
BSI: Neutral Bear
5 RSI: Positive
Consolidation: In Consolidation between 50.55 - 60.89
Price-Trend: .02x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 59.06
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 52.87 - 57.72
Price-Trend: 1.91x ATR
Comments: A change of chart views. Trying to clean-up the data view I present.
Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the strength to push the follow on weekly into full on bull-mode.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: Lots of wobble in the condication range. No true directional strength.
Weekly: Bear trend since May.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
In Bear territory.
Projected range for upcoming week 59.48 - 53.71
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral Bear
Bear RSI: Neutral Bear
BSI: Neutral Bear
5 RSI: Positive
Consolidation: In Consolidation between 50.55 - 60.89
Price-Trend: .02x ATR
Daily for 6 September 2019
In Bull territory.
Price Projection: 59.06
HMA: Neutral Bull
Bull RSI: Neutral Bull
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 52.87 - 57.72
Price-Trend: 1.91x ATR
Comments: A change of chart views. Trying to clean-up the data view I present.
Weekly charts are still neutral-bearish in a consolidation range. The Daily does not have the strength to push the follow on weekly into full on bull-mode.
Little to no reaction to the NFP and Chairman Powell's Q/A. No expecting the market to break the consolidation high this coming week.
What am I showing on this new(ish) chart?
Daily: Lots of wobble in the condication range. No true directional strength.
Weekly: Bear trend since May.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
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