WTI Update week ending 9 August 2019

Week Ending 9 August 2019

The week is bearish, the daily is bearish.

Weekly Data.
In Bear Territory.
Price Projection: Stalled in Consolidation
HMA: Very Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: 60.91 - 50.55
Price-Trend: 1x ATR


Daily Data for Wednesday 9 August 2019
In Bear Territory
Price Projection: 47.14
HMA: Strong Bear
BSI: Bearish
Bull RSI: Neutral
Bear RSI: Bear
5 RSI: Negative
Consolidation: Broken to the high side
Price- Trend: 1x ATR

Projected range for upcoming week: 56.88 - 50.33