WTI Crude OIL

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INDICATOR
Opinion Short Term Negative
Resistance 1 60.13USD
Support 1 54.88USD
Opinion Mid Term Bullish
Support 2 53.56USD
Resistance 2 61.45USD

STRATEGY
Below 61.45 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 54.88 USD over the short term. The clearing of 61.45 USD would invalidate this opinion and open the door for 62.76 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 54.88 USD, then at 53.56 USD; only the resistances, placed at 60.13 USD, then at 61.45 USD, could contain the prices.

WTI Crude OIL, continuation (G8), NewYork : Indecision reigns
Date of analysis 20 December 17
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INDICATOR
Opinion Short Term Negative
Resistance 1 60.1USD
Support 1 54.14USD
Opinion Mid Term Bullish
Support 2 52.81USD
Resistance 2 62.09USD

STRATEGY
Below 62.09 USD the WTI Crude OIL, continuation (G8), NewYork is evolving toward 54.14 USD over the short term. The clearing of 62.09 USD would invalidate this opinion and open the door for 63.41 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 54.14 USD, then at 52.81 USD; only the resistances, placed at 60.1 USD, then at 62.09 USD, could contain the prices.

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INDICATOR
Opinion Short Term Negative
Resistance 1 60.18USD
Support 1 54.61USD
Opinion Mid Term Bullish
Support 2 53.22USD
Resistance 2 61.57USD

STRATEGY
Below 61.57 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.61 USD over the short term. The clearing of 61.57 USD would invalidate this opinion and open the door for 62.96 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
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 55.23: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 54.61 USD and 53.22 USD. The resistances are at 60.18 USD and 61.57 USD.

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INDICATOR
Opinion Short Term Negative
Resistance 1 60.7USD
Support 1 53.81USD
Opinion Mid Term Bullish
Support 2 52.09USD
Resistance 2 62.42USD

STRATEGY
Below 62.42 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.81 USD over the short term. The clearing of 62.42 USD would invalidate this opinion and open the door for 64.15 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
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.94: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 53.81 USD and 52.09 USD. The resistances are at 60.7 USD and 62.42 USD.

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INDICATOR
Opinion Short Term Negative
Resistance 1 60.01USD
Support 1 53.09USD
Opinion Mid Term Bullish
Support 2 51.11USD
Resistance 2 60.99USD

STRATEGY
Below 60.99 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.09 USD over the short term. The clearing of 60.99 USD would invalidate this opinion and open the door for 62.97 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 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 53.09 USD, then at 51.11 USD; only the resistances, placed at 60.01 USD, then at 60.99 USD, could contain the prices.

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INDICATOR
Opinion Short Term Negative
Resistance 1 59.99USD
Support 1 53.08USD
Opinion Mid Term Bullish
Support 2 51.1USD
Resistance 2 61.97USD

STRATEGY
Below 61.97 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.08 USD over the short term. The clearing of 61.97 USD would invalidate this opinion and open the door for 63.94 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
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.3: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 53.08 USD and 51.1 USD. The resistances are at 59.99 USD and 61.97 USD.

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INDICATOR
Opinion Short Term Neutral
Resistance 1 60.98USD
Support 1 54.09USD
Opinion Mid Term Bullish
Support 2 53.1USD
Resistance 2 61.96USD

STRATEGY
As long as 61.96 USD continues to be a resistance, the movement may join 54.09 USD over the short term. The surpassing of 61.96 USD would invalidate this opinion and open the door for 63.93 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. 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.

MOVEMENTS AND LEVELS
After a recent high at 58.95 USD the commodity corrected towards the 50-day moving average 54.21: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 54.09 USD and 53.1 USD. The resistances are at 60.98 USD and 61.96 USD.

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INDICATOR
Opinion Short Term Negative
Resistance 1 60.89USD
Support 1 55.19USD
Opinion Mid Term Bullish
Support 2 53.29USD
Resistance 2 62.79USD

STRATEGY
Below 62.79 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 55.19 USD over the short term. The clearing of 62.79 USD would invalidate this opinion and open the door for 63.74 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 55.19 USD, then at 53.29 USD; only the resistances, placed at 60.89 USD, then at 62.79 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 60.95USD
  
• Support 1 54.03USD
  
• Opinion Mid Term Bullish
  
• Support 2 53.04USD
  
• Resistance 2 61.94USD
  

STRATEGY
Below 61.94 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.03 USD over the short term. The clearing of 61.94 USD would invalidate this opinion and open the door for 63.92 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 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 54.03 USD, then at 53.04 USD; only the resistances, placed at 60.95 USD, then at 61.94 USD, could contain the prices.

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INDICATOR
Opinion Short Term Negative
Resistance 1 61.12USD
Support 1 53.57USD
Opinion Mid Term Bullish
Support 2 52.5USD
Resistance 2 63.27USD

STRATEGY
Below 63.27 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 53.57 USD over the short term. The clearing of 63.27 USD would invalidate this opinion and open the door for 64.35 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 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 53.57 USD, then at 52.5 USD; only the resistances, placed at 61.12 USD, then at 63.27 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 61.45USD
  
• Support 1 54.26USD
  
• Opinion Mid Term Bullish
  
• Support 2 53.06USD
  
• Resistance 2 62.65USD
  

STRATEGY
Below 62.65 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 54.26 USD over the short term. The clearing of 62.65 USD would invalidate this opinion and open the door for 63.85 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 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 54.26 USD, then at 53.06 USD; only the resistances, placed at 61.45 USD, then at 62.65 USD, could contain the prices.

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INDICATOR
Opinion Short Term Positive
Resistance 1 61.57USD
Support 1 55.22USD
Opinion Mid Term Bullish
Support 2 52.68USD
Resistance 2 64.12USD

STRATEGY
Above 55.22 USD the major trend remains bullish. 61.57 USD and 64.12 USD are in the line of sight. The breaking of 55.22 USD would cancel this anticipation and favor a correction toward 52.68 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. As for the Stochastics, they are in the 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 55.22 USD, then at 52.68 USD; only the resistances, placed at 61.57 USD, then at 64.12 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Positive
  
• Resistance 1 61.57USD
  
• Support 1 54.98USD
  
• Opinion Mid Term Bullish
  
• Support 2 53.67USD
  
• Resistance 2 64.2USD
  

STRATEGY
Above 54.98 USD the major trend remains bullish. 61.57 USD and 64.2 USD are in the line of sight. The breaking of 54.98 USD would cancel this anticipation and favor a correction toward 53.67 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. 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.

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 54.98 USD, then at 53.67 USD; only the resistances, placed at 61.57 USD, then at 64.2 USD, could contain the prices.

INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 59.99USD
  
• Support 1 52.98USD
  
• Opinion Mid Term Bullish
  
• Support 2 51.58USD
  
• Resistance 2 61.4USD
  

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STRATEGY
Below 61.4 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.98 USD over the short term. The clearing of 61.4 USD would invalidate this opinion and open the door for 62.8 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 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 52.98 USD, then at 51.58 USD; only the resistances, placed at 59.99 USD, then at 61.4 USD, could contain the prices.

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INDICATOR

• Opinion Short Term Negative
  
• Resistance 1 60.07USD
  
• Support 1 52.47USD
  
• Opinion Mid Term Bullish
  
• Support 2 50.95USD
  
• Resistance 2 61.59USD
  

STRATEGY
Below 61.59 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.47 USD over the short term. The clearing of 61.59 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 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 52.47 USD, then at 50.95 USD; only the resistances, placed at 60.07 USD, then at 61.59 USD, could contain the prices.

INDICATOR
Opinion Short Term Negative
Resistance 1 60.1USD
Support 1 52.06USD
Opinion Mid Term Bullish
Support 2 50.45USD
Resistance 2 61.71USD

KEY STATISTICS
Last price 56.38 USD
MACD 1.18
MA 20 55.27
MA 50 52.59
Stochastic 55.03
RSI 62.24

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STRATEGY
Below 61.71 USD the WTI Crude OIL, continuation (F8), NewYork is evolving toward 52.06 USD over the short term. The clearing of 61.71 USD would invalidate this opinion and open the door for 63.32 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 52.06 USD, then at 50.45 USD; only the resistances, placed at 60.1 USD, then at 61.71 USD, could contain the prices.