WTI Update for week ending 23 August 2019
Week 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.
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.