WTI Update for 4 September 2019
Daily for 4 September 2019
In Bull territory.
Price Projection: 57.36 - 59.06
HMA: Neutral Bull
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 52.87 - 56.7
Price-Trend: .38x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
Crude-oil
WTI Update for 3 September 2019
Daily for 3 September 2019
In Bear territory.
Price Projection: 51.43 - 49.76
HMA: Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: .71x ATR
Directionally challenged due to world economic events. The market has been flat since ~August 1 and trading in a 4 point range. Use weekly consolidation to identify current range.
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
WTI Update for 2 September 2019Daily for 2 September 2019
In Bear territory.
Price Projection: 49.76 - 53.35
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 54.37 - 56.70
Price-Trend: .31x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
WTI Update for week ending 30 August 2019Week update for week ending 30 August 2019
In Bear territory.
Projected range for upcoming week 57,04 - 52.50
Price Projection:
HMA: Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 50.55 - 60.89
Price-Trend: .45x ATR
Daily for 30 August 2019
In Bear territory.
Price Projection:
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: .22x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
WTI Update for 27 August 2019Daily for 27 August 2019
In Bull territory.
Price Projection: 57.35
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Neutral
BSI: Neutral Bear
5 RSI: Positive
Consolidation: Broken to the high
Price-Trend: .21x ATR
** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **
WTI Update for week ending 23 August 2019Week update for week ending 23 August 2019
In Bear territory.
Projected range for upcoming week 55.87 - 49.81
Price Projection:
HMA: Strong Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: In Consolidation between 50.55 - 60.91
Price-Trend: .79x ATR
Daily for 23 August 2019
In Bear territory.
Price Projection: 51.89 - 48.72
HMA: Neutral Bear
Bull RSI: Neutral
Bear RSI: Bearish
BSI: Bearish
5 RSI: Negative
Consolidation: Broken to the low
Price-Trend: .84x ATR
Spent the week neutral. The Weekly is still holding on to that neutrality within the consolidation range. Current strength is demonstrating a push toward a pocket of 51.89- 48.72. Generally this pocket is formed due to the neutrality and can tighten if strength continues.
WTI Update 14 August 2019Daily Data for Wednesday 14 August 2019
In Bear Territory
Price Projection:
HMA: Cover/ Bear
BSI: Bullish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Negative
Consolidation:57.43 - 53.98
Price- Trend: .33x ATR
Entered into a consolidation range Still bullish upside targets. 55.75 - 59
Crude Oil - Reverse head & shoulders formedFX:USOIL
Crude Oil - Intraday - We look to Buy at 55.25 (stop at 54.50)
A bullish reverse Head and Shoulders has formed. Neckline comes in at 55.25. The formation has a measured move target of 60.40. We look for a temporary move higher. Preferred trade is to buy on dips. Further buying is expected to follow with the hourly Ichimoku cloud and our bespoke support (55.21) offering incentive.
Our profit targets will be 57.50 and 59.00
Resistance: 57.25 / 58.00 / 59.00
Support: 56.00 / 55.25 / 54.50
WTI Update 13 August 2019Daily Data for Wednesday 13 August 2019
In Bull Territory
Price Projection: 58.88 - 59.31
HMA: Neutral Bull (The HMAs are inverted to price placement causing neutrality to exist)
BSI: Bullish
Bull RSI: Neutral
Bear RSI: Neutral
5 RSI: Positive
Consolidation: Broken to the high
Price- Trend: .59x ATR
WTI Update 12 August 2019Daily Data for Wednesday 12 August 2019
In Bear Territory
Price Projection: 55.67
HMA: Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Positive
Consolidation:55.16 - 52.40
Price- Trend: 1.88x ATR
The neutrality of the Bull RSI is impacting prices. The 5 RSI has returned slightly into positive territory with the BSI triggering an weak upward price projection.