WTI End Of Week Evaluation

2021年1月30日

*** Comments prior to evaluation summary ***
Couple of days traveling on the underside of the 200w MA. Trying to pierce through.

Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Weekly: The average price range currently is 1.71 points/ticks/pips. Prices are currently 1.94x the normal trading range. Prices are trading within the mean range for activity. This generally indicates a healthy trading range.
Prices are currently caught in consolidation between 47.2 and 53.9.
While in consolidation the trade range may decrease to 0.618 points/ticks/pips.


Standard Deviation
Weekly: Standard deviation suggests a range from 46.88 to 57.46 for the following week.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 51.11 to 53.23 for the following week.

Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move first toward 58.55 before moving toward 64.87
If strength and attitude continue, it could take between 8 - 16 trade periods (weeks) for the first projection and 11 - 22 to reach the second projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral

The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long reentries.

Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades