CRUDEOIL LOOKING WEAK-SHORT ENTRY

CRUDEOIL LOOKING WEAK AS PER ANALYSIS

Moving Average Observations:

Price below 50-day, 100-day and 200-day Moving average.

RSI Observations:
The Daily RSI indicator has remained below 50. This is a bearish zone. Current Daily RSI reading is 42.43.

ADX Observations:
The Daily DMI position remains bearish.

Donchian Channel Observations:
Price is below middle Donchian channel (Bearish).

Ichimoku Observations:
Price below Ichimoku clouds.

Price is below middle Bollinger band (Bearish).