- Like it or not, since 30/Dec WTI has not been trending. Its price action is very mixed, with lot of noise around flat Tenkan and Kijun averages -> see the big rectangle box above.
- MACD signalled possible start of consolidation with a cross down on 30/Dec/2016. Its picture has not changed ever since.
- Heikin-Ashi signal has bearish bias short term.
- Seems like EWO can't get its momentum back either.
- Volatility (ATR) is down
WTI is just simply not suitable for trend trading right now. A close above 54 would be bullish indication.
Bonus: The whole leveraged trading community (Hedge Funds) are sitting in all time high long exposure., while US shale producers and rig counts revive. I am not really surprized this market couldn't shoot higher in January
- MACD signalled possible start of consolidation with a cross down on 30/Dec/2016. Its picture has not changed ever since.
- Heikin-Ashi signal has bearish bias short term.
- Seems like EWO can't get its momentum back either.
- Volatility (ATR) is down
WTI is just simply not suitable for trend trading right now. A close above 54 would be bullish indication.
Bonus: The whole leveraged trading community (Hedge Funds) are sitting in all time high long exposure., while US shale producers and rig counts revive. I am not really surprized this market couldn't shoot higher in January
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。