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ma1 WTI Crude OIL

on Tue Nov 21, 2017 1:08 pm
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 21 November 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.1USD
Support 1 52.06USD
Opinion Mid Term Bullish
Support 2 50.45USD
Resistance 2 61.71USD

KEY STATISTICS
Last price 56.38 USD
MACD 1.18
MA 20 55.27
MA 50 52.59
Stochastic 55.03
RSI 62.24




Market Dynamics Technical Analysis

STRATEGY
Below 61.71 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.06 USD over the short term. The clearing of 61.71 USD would invalidate this opinion and open the door for 63.32 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 52.06 USD, then at 50.45 USD; only the resistances, placed at 60.1 USD, then at 61.71 USD, could contain the prices.
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ma1 WTI Crude OIL

on Wed Nov 22, 2017 1:45 pm
WTI Crude OIL, continuation (F8), NewYork : Indecision reigns
Date of analysis 22 November 17


INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 60.07USD
  • Support 1 52.47USD
  • Opinion Mid Term Bullish
  • Support 2 50.95USD
  • Resistance 2 61.59USD


Market Dynamics Technical Analysis
STRATEGY
Below 61.59 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.47 USD over the short term. The clearing of 61.59 USD would invalidate this opinion and open the door for 63.11 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 52.47 USD, then at 50.95 USD; only the resistances, placed at 60.07 USD, then at 61.59 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Thu Nov 23, 2017 12:05 pm
WTI Crude OIL, continuation (F8), NewYork : Indecision reigns
Date of analysis 23 November 17

INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 59.99USD
  • Support 1 52.98USD
  • Opinion Mid Term Bullish
  • Support 2 51.58USD
  • Resistance 2 61.4USD




STRATEGY
Below 61.4 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.98 USD over the short term. The clearing of 61.4 USD would invalidate this opinion and open the door for 62.8 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 52.98 USD, then at 51.58 USD; only the resistances, placed at 59.99 USD, then at 61.4 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Tue Nov 28, 2017 11:57 am
WTI Crude OIL, continuation (F8), NewYork : The movement remains bullish
Date of analysis 28 November 17



INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 61.57USD
  • Support 1 54.98USD
  • Opinion Mid Term Bullish
  • Support 2 53.67USD
  • Resistance 2 64.2USD


STRATEGY
Above 54.98 USD the major trend remains bullish. 61.57 USD and 64.2 USD are in the line of sight. The breaking of 54.98 USD would cancel this anticipation and favor a correction toward 53.67 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.98 USD, then at 53.67 USD; only the resistances, placed at 61.57 USD, then at 64.2 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Wed Nov 29, 2017 8:39 am
WTI Crude OIL, continuation (F8), NewYork : The movement remains bullish
Date of analysis 29 November 17



INDICATOR
Opinion Short Term Positive
Resistance 1 61.57USD
Support 1 55.22USD
Opinion Mid Term Bullish
Support 2 52.68USD
Resistance 2 64.12USD

STRATEGY
Above 55.22 USD the major trend remains bullish. 61.57 USD and 64.12 USD are in the line of sight. The breaking of 55.22 USD would cancel this anticipation and favor a correction toward 52.68 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 55.22 USD, then at 52.68 USD; only the resistances, placed at 61.57 USD, then at 64.12 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Thu Nov 30, 2017 10:39 pm
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 30 November 17



INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 61.45USD
  • Support 1 54.26USD
  • Opinion Mid Term Bullish
  • Support 2 53.06USD
  • Resistance 2 62.65USD


STRATEGY
Below 62.65 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.26 USD over the short term. The clearing of 62.65 USD would invalidate this opinion and open the door for 63.85 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.26 USD, then at 53.06 USD; only the resistances, placed at 61.45 USD, then at 62.65 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Fri Dec 01, 2017 9:23 am
WTI Crude OIL, continuation (F8), NewYork : Indecision reigns
Date of analysis 01 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 61.12USD
Support 1 53.57USD
Opinion Mid Term Bullish
Support 2 52.5USD
Resistance 2 63.27USD

STRATEGY
Below 63.27 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.57 USD over the short term. The clearing of 63.27 USD would invalidate this opinion and open the door for 64.35 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 53.57 USD, then at 52.5 USD; only the resistances, placed at 61.12 USD, then at 63.27 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Mon Dec 04, 2017 8:12 am
WTI Crude OIL, continuation (F8), NewYork : Indecision reigns
Date of analysis 04 December 17



INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 60.95USD
  • Support 1 54.03USD
  • Opinion Mid Term Bullish
  • Support 2 53.04USD
  • Resistance 2 61.94USD


STRATEGY
Below 61.94 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.03 USD over the short term. The clearing of 61.94 USD would invalidate this opinion and open the door for 63.92 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.03 USD, then at 53.04 USD; only the resistances, placed at 60.95 USD, then at 61.94 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Wed Dec 06, 2017 8:08 am
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 06 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.89USD
Support 1 55.19USD
Opinion Mid Term Bullish
Support 2 53.29USD
Resistance 2 62.79USD

STRATEGY
Below 62.79 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 55.19 USD over the short term. The clearing of 62.79 USD would invalidate this opinion and open the door for 63.74 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 55.19 USD, then at 53.29 USD; only the resistances, placed at 60.89 USD, then at 62.79 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Thu Dec 07, 2017 9:15 am
WTI Crude OIL, continuation (F8), NewYork : The consolidation can continue
Date of analysis 07 December 17

INDICATOR
Opinion Short Term Neutral
Resistance 1 60.98USD
Support 1 54.09USD
Opinion Mid Term Bullish
Support 2 53.1USD
Resistance 2 61.96USD

STRATEGY
As long as 61.96 USD continues to be a resistance, the movement may join 54.09 USD over the short term. The surpassing of 61.96 USD would invalidate this opinion and open the door for 63.93 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.21: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 54.09 USD and 53.1 USD. The resistances are at 60.98 USD and 61.96 USD.
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ma1 Re: WTI Crude OIL

on Fri Dec 08, 2017 7:42 am
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 08 December 17


INDICATOR
Opinion Short Term Negative
Resistance 1 59.99USD
Support 1 53.08USD
Opinion Mid Term Bullish
Support 2 51.1USD
Resistance 2 61.97USD

STRATEGY
Below 61.97 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.08 USD over the short term. The clearing of 61.97 USD would invalidate this opinion and open the door for 63.94 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.3: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 53.08 USD and 51.1 USD. The resistances are at 59.99 USD and 61.97 USD.
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ma1 Re: WTI Crude OIL

on Mon Dec 11, 2017 8:50 am
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 11 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.01USD
Support 1 53.09USD
Opinion Mid Term Bullish
Support 2 51.11USD
Resistance 2 60.99USD

STRATEGY
Below 60.99 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.09 USD over the short term. The clearing of 60.99 USD would invalidate this opinion and open the door for 62.97 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 53.09 USD, then at 51.11 USD; only the resistances, placed at 60.01 USD, then at 60.99 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Mon Dec 18, 2017 10:43 am
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 18 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.7USD
Support 1 53.81USD
Opinion Mid Term Bullish
Support 2 52.09USD
Resistance 2 62.42USD

STRATEGY
Below 62.42 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.81 USD over the short term. The clearing of 62.42 USD would invalidate this opinion and open the door for 64.15 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.94: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 53.81 USD and 52.09 USD. The resistances are at 60.7 USD and 62.42 USD.
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ma1 Re: WTI Crude OIL

on Tue Dec 19, 2017 1:56 pm
WTI Crude OIL, continuation (F8), NewYork : The technical situation is largely uncertain
Date of analysis 19 December 17



INDICATOR
Opinion Short Term Negative
Resistance 1 60.18USD
Support 1 54.61USD
Opinion Mid Term Bullish
Support 2 53.22USD
Resistance 2 61.57USD

STRATEGY
Below 61.57 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.61 USD over the short term. The clearing of 61.57 USD would invalidate this opinion and open the door for 62.96 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 55.23: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 54.61 USD and 53.22 USD. The resistances are at 60.18 USD and 61.57 USD.
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ma1 Re: WTI Crude OIL

on Wed Dec 20, 2017 6:24 pm
WTI Crude OIL, continuation (G8), NewYork : Indecision reigns
Date of analysis 20 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.1USD
Support 1 54.14USD
Opinion Mid Term Bullish
Support 2 52.81USD
Resistance 2 62.09USD

STRATEGY
Below 62.09 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 54.14 USD over the short term. The clearing of 62.09 USD would invalidate this opinion and open the door for 63.41 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.14 USD, then at 52.81 USD; only the resistances, placed at 60.1 USD, then at 62.09 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Thu Dec 21, 2017 9:06 am
WTI Crude OIL, continuation (G8), NewYork : The technical situation is largely uncertain
Date of analysis 21 December 17



INDICATOR
Opinion Short Term Negative
Resistance 1 60.13USD
Support 1 54.88USD
Opinion Mid Term Bullish
Support 2 53.56USD
Resistance 2 61.45USD

STRATEGY
Below 61.45 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 54.88 USD over the short term. The clearing of 61.45 USD would invalidate this opinion and open the door for 62.76 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.88 USD, then at 53.56 USD; only the resistances, placed at 60.13 USD, then at 61.45 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Fri Dec 22, 2017 4:45 pm
WTI Crude OIL, continuation (G8), NewYork : The technical situation is largely uncertain
Date of analysis 22 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.2USD
Support 1 54.84USD
Opinion Mid Term Bullish
Support 2 53.5USD
Resistance 2 61.53USD

STRATEGY
Below 61.53 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 54.84 USD over the short term. The clearing of 61.53 USD would invalidate this opinion and open the door for 62.87 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 54.84 USD, then at 53.5 USD; only the resistances, placed at 60.2 USD, then at 61.53 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Mon Dec 25, 2017 9:03 am
WTI Crude OIL, continuation (G8), NewYork : The technical situation is largely uncertain
Date of analysis 25 December 17

INDICATOR
Opinion Short Term Negative
Resistance 1 60.62USD
Support 1 55.62USD
Opinion Mid Term Bullish
Support 2 54.38USD
Resistance 2 61.86USD

STRATEGY
Below 61.86 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 55.62 USD over the short term. The clearing of 61.86 USD would invalidate this opinion and open the door for 63.11 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics themselves are in an overbought area, making a correction likely in the short term. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 55.62 USD, then at 54.38 USD; only the resistances, placed at 60.62 USD, then at 61.86 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Tue Jan 09, 2018 3:18 pm
WTI Crude OIL, continuation (G8), NewYork : The resistances are nearby
Date of analysis 09 January 18


INDICATOR

  • Opinion Short Term Neutral
  • Resistance 1 64.33USD
  • Support 1 59.02USD
  • Opinion Mid Term Bullish
  • Support 2 57.25USD
  • Resistance 2 66.1USD


STRATEGY
Above 59.02 USD the major trend remains bullish. 64.33 USD and 66.1 USD are in the line of sight. The breaking of 59.02 USD would cancel this anticipation and favor a correction toward 57.25 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 59.02 USD, then at 57.25 USD; only the resistances, placed at 64.33 USD, then at 66.1 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Wed Jan 10, 2018 2:26 pm
WTI Crude OIL, continuation (G8), 
NewYork : The resistances are nearby
Date of analysis 10 January 18



INDICATOR

  • Opinion Short Term Neutral
  • Resistance 1 65.21USD
  • Support 1 59.31USD
  • Opinion Mid Term Bullish
  • Support 2 57.35USD
  • Resistance 2 67.17USD



STRATEGY
Above 59.31 USD the major trend remains bullish. 65.21 USD and 67.17 USD are in the line of sight. The breaking of 59.31 USD would cancel this anticipation and favor a correction toward 57.35 USD.


SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.


MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 59.31 USD, then at 57.35 USD; only the resistances, placed at 65.21 USD, then at 67.17 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Fri Jan 12, 2018 12:41 pm
WTI Crude OIL, continuation (G8),
NewYork : Risk of correction under the resistances
Date of analysis 12 January 18



INDICATOR
Opinion Short Term Neutral
Resistance 1 66.46USD
Support 1 59.89USD
Opinion Mid Term Bullish
Support 2 57.7USD
Resistance 2 68.66USD

STRATEGY
Above 59.89 USD the major trend remains bullish. 66.46 USD and 68.66 USD are in the line of sight. The breaking of 59.89 USD would cancel this anticipation and favor a correction toward 57.7 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this commodity is reliable in the medium term. The first buy levels are on the supports situated at 59.89 USD, then at 57.7 USD; only the resistances, placed at 66.46 USD, then at 68.66 USD, could contain the prices.
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ma1 Re: WTI Crude OIL

on Wed Mar 14, 2018 10:05 am
Under these resistances, a consolidation is likely


INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 66.18USD
  • Support 1 57.22USD
  • Opinion Mid Term Bearish
  • Support 2 56.1USD
  • Resistance 2 67.3USD


STRATEGY
Below 66.18 USD the major trend remains bearish 57.22 USD and then 56.1 USD are in the line of sight. The surpassing of 66.18 USD would cancel this anticipation and favor a recovery toward 67.3 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the commodity perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is oriented to the downside. It is under its 50-day moving average located at 62.63. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 57.22 USD and the next is at 56.1 USD; the resistances, located at 66.18 USD and at 67.3 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: WTI Crude OIL

on Thu Mar 15, 2018 10:41 am
Under these resistances, a consolidation is likely


INDICATOR
Opinion Short Term Negative
Resistance 1 64.73USD
Support 1 56.89USD
Opinion Mid Term Bearish
Support 2 55.91USD
Resistance 2 66.69USD

STRATEGY
Below 64.73 USD the major trend remains bearish 56.89 USD and then 55.91 USD are in the line of sight. The surpassing of 64.73 USD would cancel this anticipation and favor a recovery toward 66.69 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the commodity perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is oriented to the downside. It is under its 50-day moving average located at 62.64. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 56.89 USD and the next is at 55.91 USD; the resistances, located at 64.73 USD and at 66.69 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: WTI Crude OIL

on Mon Apr 02, 2018 1:40 pm
The movement remains bullish


INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 68.26USD
  • Support 1 59.28USD
  • Opinion Mid Term Neutral
  • Support 2 57.48USD
  • Resistance 2 71.85USD


STRATEGY
Above 59.28 USD the major trend remains bullish. 68.26 USD and 71.85 USD are in the line of sight. The breaking of 59.28 USD would cancel this anticipation and favor a correction toward 57.48 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the commodity. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are less than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The commodity is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 59.28 USD, before a test of 57.48 USD in the case of a breach. To the upside, the resistance at 68.26 USD is intermediary before the strong level of 71.85 USD.
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ma1 Re: WTI Crude OIL

on Tue Jun 19, 2018 1:43 pm
WTI CRUDE OIL
Under these resistances, a consolidation is likely



Below 71.26 USD the major trend remains bearish 60.67 USD and then 58.55 USD are in the line of sight. The surpassing of 71.26 USD would cancel this anticipation and favor a recovery toward 73.38 USD.

The MACD is negative and lower than its signal line. This configuration is damaging the commodity perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are less than the average volumes over the last 10 days.

The commodity is oriented to the downside. It is under its 50-day moving average located at 68.19. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 60.67 USD and the next is at 58.55 USD; the resistances, located at 71.26 USD and at 73.38 USD must be exceeded for the trend to undergo a reversal.

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ma1 Re: WTI Crude OIL

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