As we can see on the chart, the asset is clearly oversold, as indicated by the stochastic, the bollinger's sigmas and the classical price corridor. Expectation of a false breakout and trend reversal to the 17. ___ Sincerely, AJV
As you can see from the chart, there is all chances to continue the upward trend up to 1960 and stay within the average price band. The target - 1960. I believe in practicality, indicators work (usually). So we will see. __ Sincerely, AJV
Crude Oil WTI is approaching the key weekly moving average corridor. To get it right, check the weekly moving average line and stochastic indicator. As soon as there is slippage below the average, the nearest support will be at 70. Very long term prognosis. __ Sincerely, AJV
I have always enjoy instruments like fixed income or long only where it is enough just to find an entry point below and buy in addition if you entered early. As you can see on the chart, the indicators indicate that the price is currently in the oversold corridor, so I bet on growth. ___ Sincerely, AJV
The price is marking time near the resistance corridor and it is potentially correct to sell to the level of 113, where the decline will slow down. Another breakout of the upper resistance line is possible, but this is unlikely. What are the opinions folks? __ Sincerely, AJV