WTI Update for 18 September 2019

Daily for 18 September 2019
In Bull territory.

Price Projection: 64.28
HMA: Very Strong Bull
Bull RSI: Bullish
Bear RSI: Neutral Bull
BSI: Bullish
5 RSI: Positive
Consolidation: In Consolidation between 54.87 - 63.33
Price-Trend: .67x ATR


Comments: Still holding neutral even with the Saudi announcement of the plant returning to 50% of production levels. Very large consolidation zone. Prices appear to be returning to the previous levels, if not just slightly higher.

** Weekly updates will always be provided, if not updated daily, it generally means the underlying primary signals have not changed since last reported. **