West Texas Intermediate oil is consolidating in neutral trend since 8th March 2021. Since then, price action took WTI back to its 20-day moving average and 50-day moving average which suggests that consolidation might be near its end and upward movement can be anticipated. This is further supported by reversal in RSI. Our price target for short term is 65 USD per...
General Motors continues its sideways price action. Its neutral trend is highly supported by low ADX value. However, the current level of importance sits between 56.97 USD and 57.05 USD per share. Move above this price level suggest bullish short term outlook and potential for price to move back above 60 USD per share. Disclaimer: This analysis is not intended to...
The Trend The trend is directional movement of prices and it plays an important role in vast majority of technical trading systems. Technical analysis differentiates between trending markets and non-trending markets, also called flat trending markets. Trending markets can be either moving upwards and downwards. Upward moving market is called bull market, while...