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Date of Entry : 2014-06-26
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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.
Number of messages : 1669
Date of Entry : 2014-06-26
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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.
Number of messages : 1669
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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

on Thu Aug 30, 2018 3:44 pm
WTI CRUDE OIL: The analysis does not suggest a drop in the medium term



As long as 63.34 USD remains a support, the movement may join 73.09 USD over the short term. The breaking of 63.34 USD would invalidate this opinion and open the door for 60.56 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the commodity But the Stochastics indicators are high, which calls for prudence in the very short-term. The volumes traded are more than the average volumes over the last 10 days.

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 64.74 USD, before a test of 63.34 USD in the case of a breach. To the upside, the resistance at 73.09 USD is intermediary before the strong level of 74.48 USD.
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ma1 Re: WTI Crude OIL

on Fri Aug 31, 2018 12:18 pm
WTI CRUDE OIL: The bullish signals are intact



Above 64.66 USD the major trend remains bullish. 73.38 USD and 74.83 USD are in the line of sight. The breaking of 64.66 USD would cancel this anticipation and favor a correction toward 63.2 USD.

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.

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 64.66 USD, before a test of 63.2 USD in the case of a breach. To the upside, the resistance at 73.38 USD is intermediary before the strong level of 74.83 USD.
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ma1 Re: WTI Crude OIL

on Tue Sep 11, 2018 12:24 pm
WTI CRUDE OIL
The consolidation can continue


As long as 72.76 USD continues to be a resistance, the movement may join 63.02 USD over the short term. The surpassing of 72.76 USD would invalidate this opinion and open the door for 74.38 USD.

Opinion Short Term

  • Negative
  • Resistance 1 71.14
  • Support 1 63.02

Opinion Medium Term

  • Bearish
  • Resistance 2 72.76
  • Support 2 61.40

Statistics

  • Last Price 67.53 USD
  • MACD 0.06
  • MA 20 67.89
  • MA 50 68.99
  • Stochastics 37.75
  • RSI 44.99


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.

The commodity is oriented to the downside. It is under its 50-day moving average located at 68.99. 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 63.02 USD and the next is at 61.4 USD; the resistances, located at 71.14 USD and at 72.76 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: WTI Crude OIL

on Tue Oct 30, 2018 12:40 pm
WTI CRUDE OIL: The bearish trend can resume



Below 74.16 USD the major trend remains bearish 61.71 USD and then 58.59 USD are in the line of sight. The surpassing of 74.16 USD would cancel this anticipation and favor a recovery toward 77.28 USD.

Opinion Short Term

  • Negative
  • Resistance 1 £74.16
  • Support 1 £61.71

Opinion Medium Term

  • Bearish
  • Resistance 2 £77.28
  • Support 2 £58.59

Statistics

  • Last Price 67.04 USD
  • MACD -1.16
  • MA 20 71.05
  • MA 50 70.22
  • Stochastics 16.66
  • RSI 36.85


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. At less than 20, the Stochastics are extermely low. The volumes traded are less than the average volumes over the last 10 days.

The bullish movement seems to have stopped. The commodity is under its 50-day moving average located at 70.22. The first support is at 61.71 USD and, in the event of a breach of this level, a continuation of the correction towards 58.59 USD is possible; to the upside, the first resistance is at 74.16 USD, then the strongest level is at 77.28 USD.
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ma1 Re: WTI Crude OIL

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